Jeff Bezos sells $2 billion worth of Amazon stock

Bezos sold approximately 12 million shares of Amazon stock at various prices

Jeff Bezos sold more Amazon stock. 

The Amazon founder conducted the latest transactions involving nearly 12 million shares on Friday and Monday. They were disclosed in a Tuesday filing with the Securities and Exchange Commission (SEC).

The stocks amounted to about $2.08 billion.

Amazon CEO Jeff Bezos

Jeff Bezos speaks during the Climate Week NYC Leaders’ Reception at PEAK at Hudson Yards in New York City on Sept. 20, 2021. (Dimitrios Kambouris/for Bezos Earth Fund / Getty Images)

Amazon informed investors earlier in February that Bezos had taken up a trading plan in November that would involve the sale of a maximum of 50 million shares by Jan. 25 of next year. The latest sales — and another set last week — were tied to that.

BEZOS PLANS ON SELLING 50 MILLION AMAZON SHARES DURING NEXT 12 MONTHS

Prior to the stock sales disclosed Tuesday, Bezos had parted ways with roughly $2.04 billion worth of Amazon stock, another SEC filing showed.

The Amazon logo

The Amazon Amagasaki Fulfillent Center in Japan on July 4, 2022. (Kazuhiro Nogi/AFP via / Getty Images)

Bezos, who relocated to Florida from Washington with his fiancée Lauren Sanchez, could see massive tax savings on stock sales in the Sunshine State compared to Washington, where he created the e-commerce giant. While neither state has an income tax, Washington recently implemented a 7% capital gains tax. 

JEFF BEZOS' MOVE TO FLORIDA SAVING HIM HUNDREDS OF MILLIONS IN TAXES

With the latest sales, the stake Bezos has in Amazon now includes around 964.26 million shares, the SEC filing said.

Amazon.com Inc

The hundreds of millions of Amazon shares Bezos owns make up a significant portion of his net worth. His personal fortune, currently the third-largest in the world, hovered around $191.2 billion as of Wednesday morning, according to Forbes.

Jeff Bezos and Lauren Sanchez attend the Robin Hood Benefit 2022 at Jacob Javits Center on May 9, 2022 in New York City. (Photo by Kevin Mazur/Getty Images for Robin Hood)

Jeff Bezos and Lauren Sanchez attend the Robin Hood Benefit at the Jacob Javits Center in New York City on May 9, 2022. (Kevin Mazur/for Robin Hood / Getty Images)

Shares of the company, where Bezos serves as executive chair, have posted a more than 70% increase in the past year. 

JEFF BEZOS STILL USING HOMEMADE DOOR DESK FROM AMAZON'S EARLY DAYS

At the beginning of the month, Amazon said it had generated $574.8 billion in net sales for 2023, marking a 12% jump from 2022. Its net income for the year came in at $30.4 billion.

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