Business

Jeff Bezos Sells $2 Billion Worth of Amazon Shares, Totaling $6 Billion in a Week

Jeff Bezos has recently divested another 12 million shares of Amazon.com Inc., amounting to a staggering $2 billion, adding to the total of over $6 billion in sales over the past week. This latest transaction occurred on Tuesday and Wednesday, as indicated by a filing. These sales are part of a previously disclosed plan to liquidate up to 50 million shares of the company he founded.

With approximately 36 million shares already sold, Bezos’s decision to divest remains undisclosed. However, the timing of his initiation of the trading plan may offer some insight. Bezos announced his relocation from the Seattle region to Miami on November 2, subsequently adopting a 10(b)5-1 plan on November 8.

Also read: International Rating Agencies Affirms Rating With Upgraded “Stable” Outlook For Various Adani Portfolio Companies

The shift to Florida likely saved Bezos an estimated $430 million in taxes, given Washington state’s recent implementation of a 7% capital gains tax, while Florida imposes no such tax.

Spokespeople representing Bezos and Amazon have not yet responded to requests for comment regarding the sales.

Srushti Sharma

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

8 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

9 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

9 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

10 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

10 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

10 hours ago