Jeff Bezos sells 12 million more Amazon shares

Jeff Bezos has sold another 12 million shares of Amazon.com Inc. worth $2 billion, bringing the total amount of shares sold to more than $6 billion. Jeff Bezos has sold another 12 million shares of Amazon stock worth $2 billion, bringing the total sold in the past week to more than $6 billion. Bezos made the latest sales of 12 million shares on Tuesday and Wednesday, according to a statement. The sales are part of a previously announced plan by Bezos to sell about 50 million shares of the company he founded. In total, he has now sold about 36 million shares. Bezos did not say why he was selling. He announced on Nov. 2 that he was moving from the Seattle area to Miami. The move to Florida likely saved Bezos about $430 million in taxes. Washington state recently imposed a 7 percent tax on capital gains, while Florida does not have such a tax.