Jeff Bezos Nets $8.5 Billion From Amazon Share Sale

  • Jeff Bezos sold 14 million Amazon.com Inc. shares worth about $2.4 billion.
  • This sale was part of a plan he disclosed earlier to sell up to 50 million shares.
  • The latest transaction took his cash out total to $8.5 billion.
  • Bezos, the founder of Amazon, Blue Origin, and owner of the Washington Post, hasn’t disclosed plans for the proceeds.
  • His relocation to Miami from Seattle is likely saving him hundreds of millions of dollars in taxes.
  • Bezos has a net worth of $191.3 billion.

Read more at: https://time.com

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