From Nasdaq:

Amazon.com founder and former CEO Jeff Bezos sold about $2 billion of shares of his company over the past few days, marking the third time Bezos has sold nearly $2 billion worth of Amazon stock this month, bringing his total sales to over $6 billion.

Bezos sold about 12 million Amazon shares at an average price of $169.50 a share, as per a statement filed with federal regulators. This follows the announcement last week that Bezos would sell up to 50 million shares of the company, valued at around $8.4 billion.

In a move from Seattle to Miami, Bezos is expected to save about $600 million due to Florida’s tax advantages, apart from making a significant philanthropic commitment towards addressing climate change and promoting human unity.

According to Forbes, Bezos, currently the world’s third-wealthiest person, has a net worth of $191.4 billion. His Amazon holdings have dropped to 952.26 million shares from 976.25 million shares after these sales, marking the first time Bezos has sold Amazon stock since May 2021.



Read more: Jeff Bezos Sells Another $2 Bln Worth Of Amazon Shares; Brings Total Sale This Month To $6 Bln