Jeff Bezos Sells $4 Billion , of Amazon Stock.<br />Earlier this month, Amazon <br />revealed that Bezos would be offloading <br />50 million shares by Jan. 31, 2025.<br />Earlier this month, Amazon <br />revealed that Bezos would be offloading <br />50 million shares by Jan. 31, 2025.<br />According to regulatory filings, <br />since Feb. 9, Bezos sold 24 million shares <br />over the course of four trading days.<br />The last time he sold stocks was <br />in 2021, Yahoo Finance reports. .<br />Bezos, one of the world's richest men, didn't <br />provide a reason for the timing of his recent sale. .<br />But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .<br />But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .<br />In 2022, Washington instituted <br />a 7% capital gains tax.<br />Bezos' decision to move to Florida will likely save <br />him $288 million so far, Yahoo Finance reports. .<br />"Because Bezos has only ever bought a single <br />share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore <br />virtually all of their value would be considered <br />capital gains," according to 'Bloomberg.'.<br />According to Washington officials, capital gains tax brought in $855 million last year.<br />Over half of that amount <br />came from only 10 people. .<br />In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
