Sunday , November 24 2024

41 thousand crores will be deposited in Jeff Bezos' account, know the reason – News India Live

The world's second richest man and Amazon founder Jeff Bezos' earnings are going to increase drastically. Rs 41 thousand crores are going to be deposited in his bank account in one go. This is because Amazon founder Jeff Bezos will sell 250 million shares this month. He will earn more than five billion dollars i.e. Rs 41,748 from this sale. Amazon shares are currently at a record high. Amazon has informed the American Stock Exchange about this share sale.

Earlier in February, he sold shares worth $8.4 billion in 9 days. This is the first time Jeff Bezos has sold shares since 2021.

There will be huge earnings

After the recent sale, the figure of earnings from the shares sold by him this year will be $ 13.5 billion. After this sale, he will be left with 91.2 million shares of Amazon. This will be equal to his 8.8 percent stake in Amazon. Amazon is currently the second richest person in the world with $ 221.6 billion. Apart from Amazon, he also owns the Washington Post and space company Blue Origin.

Amazon shares hit record high

On July 2, Amazon shares closed at an all-time high of $200. This was the highest level since the company was listed in 1997. However, the stock is currently trading 1.21 per cent lower at around $197.59. The company's shares have gained 32 per cent this year.

Jeff Bezos is also moving house

Jeff Bezos is also changing his house. He said in November last year that he is shifting his house from Seattle area to Miami. Actually, Washington state has a 7 percent capital gains tax. On the other hand, there is no such tax in Florida. By changing his address, Bezos can save a lot in tax.