Jeff Bezos Sells $2 Billion in Amazon Shares, Eyes Richest Man Title

The sale, part of a larger plan to offload 50 million shares, could save Bezos $600 million in taxes following his move to Miami.

Jeff Bezos sold 12 million Amazon shares, netting about $2 billion, marking his first major stock sale since 2021.
The sale is part of a plan for Bezos to sell up to 50 million shares by January 2025, potentially saving him $600 million in taxes by moving to Miami.
Bezos' net worth has surged to $200 billion, positioning him close to reclaiming the title of world's richest man.
The stock sale comes amid a significant rise in Amazon's stock price, contributing to Bezos' increased wealth.
Bezos' decision to sell shares follows his move to Miami, influenced by family ties and the strategic location for his aerospace venture, Blue Origin.