Jeff Bezos Sells $6 Billion in Amazon Stock, Citing Tax Savings from Florida Move

The Amazon founder's recent stock sales, totaling $6 billion, are part of a disclosed plan to sell up to 50 million shares, with significant tax savings from his relocation to Florida.

Jeff Bezos has sold approximately $6 billion worth of Amazon stock in February, reducing his stake in the company by about 2%.
The sales are part of Bezos's previously disclosed plan to sell up to 50 million shares, potentially saving him over $600 million in taxes.
Bezos's move to Florida from Washington has likely saved him around $430 million in taxes, benefiting from Florida's lack of a capital gains tax.
The billionaire's relocation and stock sales are seen as part of a broader trend of wealthy individuals moving to states with more favorable tax policies.
Washington's new 7% capital gains tax, which Bezos avoided by moving, has sparked debate over its impact on the state's ability to retain wealthy residents.