As the stock price hits a new high, Bezos sells another $5 billion worth of Amazon shares
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Jeff Bezos plans to sell about $5 billion worth of Amazon stock, marking his second large-scale sell-off this year. In February, Bezos sold $8.5 billion worth of shares. Despite the sales, Bezos still holds about 912 million shares of Amazon, representing approximately 8.8% of the company. This sell-off may be related to his relocation plan announced last year, which could save him hundreds of millions of dollars in taxes by moving to Florida. Amazon's stock closed at $200.43 on Tuesday, reaching its highest point since its listing in 1997
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