7 hours agoImage supply, Getty ImagesImage caption, Jeff Bezos and spouse Lauren Sanchez at Milan Model WeekMulti-billionaire Jeff Bezos has bought some other 14 million Amazon stocks, value round $2.4bn (£1.9bn).The newest sale brings the full collection of stocks he has bought within the company over the past 9 buying and selling days to about 50 million, with a worth of round $8.5bn.The tech large had in the past mentioned Mr Bezos would promote as much as 50 million stocks by way of the tip of January 2025.His gross sales of Amazon inventory comes after they’ve risen by way of greater than 76% prior to now yr.Mr Bezos, who’s the company’s founder and govt chair, had in the past final bought Amazon stocks in 2021. He has additionally given away stocks in Amazon as a part of his philanthropy, maximum lately in 2022.As Mr Bezos moved to Miami in Florida from Seattle in Washington final yr, he’s going to save nearly $600m in tax at the $8.5bn value of inventory he has bought.Good points above $250,000 from the sale of stocks or different longer term investments, are taxed at 7% in Washington state. Florida does no longer have state taxes on earning or capital beneficial properties.Then again, he’s going to nonetheless be vulnerable to federal taxes because of promoting the stocks.When Mr Bezos introduced his transfer to Florida it induced hypothesis over whether or not it used to be on account of a possible tax invoice he would have confronted in Washington after the state licensed a brand new tax on massive inventory gross sales.Mr Bezos mentioned in November that his oldsters had lately moved again to Miami the place he spent a few of his formative years and that he sought after to be just about them and to his Blue Starting place house undertaking, which used to be “an increasing number of moving to Cape Canaveral”.”Lauren and I like Miami,” he wrote on Instagram, regarding his fiancée Lauren Sánchez.”For all that, I am making plans to go back to Miami, leaving the Pacific Northwest,” he added.Mr Bezos stays Amazon’s greatest shareholder and is among the richest other people on the earth, with an estimated fortune of greater than $190bn.Amazon didn’t instantly reply to a BBC request for remark.
