"Jeff Bezos Continues Selling Amazon Stock, Totaling $6 Billion This Month"
Jeff Bezos has sold another 12 million shares of Amazon, totaling over $6 billion in the past week, as part of a plan to dispose of up to 50 million shares. The move to Florida likely saved him about $430 million in taxes, as Washington state recently implemented a 7% levy on capital gains, while Florida has no such tax. Bezos hasn't explained the reason for the sales, but the timing of when he instituted the trading plan may provide a clue.
