• Mon. Feb 26th, 2024

Exploring the Tax Savings and Personal Motivations Behind Jeff Bezos’ Relocation to Miami

ByEditor

Feb 13, 2024
Jeff Bezos Could Potentially Save $600 Million in Taxes by Moving Stock Sale to Miami

Jeff Bezos’ decision to relocate from Seattle to Miami could save him over $600 million in taxes, according to recent company filings. The move was described by Bezos as an “emotional decision,” but he also stated that he wanted to be closer to his parents and Blue Origin’s base of operations at Cape Canaveral.

Bezos and his fiancée, Lauren Sanchez, have already purchased at least two properties in Miami’s Indian Creek district, which is also known as “Billionaire Bunker.” Last week, Bezos sold off 12 million shares of Amazon stock, closing the wealth gap between himself and Elon Musk, the current richest person on the planet.

Amazon did not respond immediately to a request for comment from Business Insider made outside normal working hours.

Leave a Reply