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AdvertisementEarlier this month, Bezos announced plans to unload 50 million Amazon shares , worth about $8.5 billion, over the next year. Last week, he sold 12 million shares worth more than $2 billion, per SEC filings. But he stopped in 2022 — the same year Washington state imposed a 7% capital gains tax on gains of over $250,000 for those domiciled there. Florida, in contrast, has a capital gains tax rate of zero. In fact, it is one of the eight states that does not have a capital gains tax.
Persons: Jeff Bezos, he's, , Rich, Lauren Sanchez, Blue, Sanchez, Miami, Bezos, It's, Ken Griffin, Carl Icahn, Daniel Och, Josh Harris, Griffin —, it’s, it's, Bill Gates, Steve Ballmer, MacKenzie Scott Organizations: Miami, Service, SEC, CNBC, Sunshine State, Evergreen State Locations: Washington, Florida, Miami, Canaveral, Texas
Jeff Bezos' move to Miami could save him over $600 million in taxes, per CNBC calculations. But Florida has no capital gains tax, unlike Washington. AdvertisementJeff Bezos’ Miami move could be about to save him more than $600 million in taxes. As Florida has no capital gains tax, CNBC calculated that Bezos would save around $600 billion in taxes compared to if he sold the shares while based in Seattle. Washington state passed a new law imposing a 7% capital gains tax on sales of stocks or bonds worth more than $250,000, which went into effect in 2022.
Persons: Jeff Bezos, , Bezos, Lauren Sanchez, Elon Musk Organizations: Washington, Service, CNBC, Business Locations: Miami, Seattle, Florida, Seattle . Washington, Cape Canaveral
Amazon founder and executive chairman Jeff Bezos sold roughly $2.08 billion of shares in the company over the past few days, according to a financial filing. In total, Bezos sold 11,997,698 shares in the company for about $2.08 billion, according to the filing. As part of the plan, Bezos plans to sell 50 million Amazon shares before Jan. 31, 2025. It marked the first time Bezos sold Amazon's stock since May 2021. WATCH: Jeff Bezos sells $2 billion of Amazon shares
Persons: Jeff Bezos, Bezos, fiancée Lauren Sanchez Organizations: Jan Locations: Seattle, Miami
Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida. Jeff Bezos' $2 billion stock sale last week came with an added perk: no state taxes. After his move to Miami, Bezos made up for lost time. So on the $2 billion sale last week, he saved $140 million that he would have paid to Washington state. On the entire sale of 50 million shares over the next year, he will save at least $610 million.
Persons: Jeff Bezos, Lauren Sanchez, Bezos, Tom Brady, Carl Icahn Organizations: of Miami, Miami, Autodrome, Seattle, Origin, SEC, Jan, Amazon, CNBC PRO Locations: Miami , Florida, Miami, Washington, Florida
But has anyone bothered to ask what real mob wives think? If you want to talk about the mob wife aesthetic, who better to do it than a Sicilian mob princess?" 'The perfect mob wife looks like she's going to a funeral'Renee Graziano has always loved the mob wife aesthetic. AdvertisementThe mob wives aren't offended that you want to dress like themThe "Mob Wives" stars hope the mob wife trend is here to stay. Nothing lasts forever, especially on TikTok, but the "mob wife" trend will never die for the real "Mob Wives."
Persons: Jennifer Graziano, Renee Graziano, Natalie Guercio, , TikTok, Jeff Bezos, Lauren Sánchez, Renee's, Graziano, Renee, Jennifer's, Anthony Graziano, Bonanno, Hector Pagan Jr, Jennifer, Veronica Graziano, Carmela Soprano, Adriana La Cerva, Kayla Trivieri —, TikTok —, Peggy Bundy, Josh Ryan, Sophia Loren, what's, I've, Sofia Richie's, Gucci, Versace, they've, Guercio, aren't Organizations: Service, Vogue, VH1, American, FBI, Huffington, Bravo, HBO, Fox Locations: Sicilian, Staten Island, New York City, Renee's, South Philadelphia
CNN —Amazon founder Jeff Bezos plans to sell up to 50 million shares of Amazon stock over the next year, according to a regulatory filing posted on Friday. Bezos’ planned stock sale was included in Amazon’s annual report published on Friday due to a Securities and Exchange Commission rule requiring such disclosures. Amazon shares tumbled in 2022 amid a whiplash in pandemic-induced demand for e-commerce and broader macroeconomic uncertainty. Moreover, Bezos’ recent move to Florida from Washington state would mean he could avoid state capital gains taxes on the stock sale. Bezos’ home state of Washington upheld a capital gains tax measure last year, according to the Seattle Times.
Persons: Jeff Bezos, Bezos, fiancé Lauren Sanchez, Andy Jassy Organizations: CNN, Amazon, Securities and Exchange, Origin, Seattle Times Locations: Florida, Washington
MacKenzie Scott sold Amazon stock worth more than $10 billion last year. The ex-wife of Jeff Bezos has an estimated net worth of $37.6 billion , according to the Bloomberg Billionaires Index. Upon signing the pledge, Scott wrote : "I have a disproportionate amount of money to share. The billionaire launched the website Yield Giving in 2022, which details some 1,600 organizations that she's donated $14 billion to since 2019. Scott said in a blog post last March that she donated $3.86 billion to 465 nonprofits since June 2022.
Persons: MacKenzie Scott, Jeff Bezos, Scott, Bezos, Lauren Sanchez, she's Organizations: Bloomberg, Amazon, California Community Foundation Locations: Beverly
Read previewJeff Bezos might be a billionaire, but to this day, he still uses a homemade scrappy door desk from Amazon's early days in the 1990s. The Amazon founder's fiancée Lauren Sanchez posted a photo on Instagram over the weekend, which shows Bezos working from a laptop on the door desk. The door desk was invented by Bezos in 1995, a year after founding the e-commerce giant, according to a blog on Amazon's website . "We built door desks because it was the cheapest way we could support a desk. The door desk has since become a symbol of Amazon's culture and its core value of frugality.
Persons: , Jeff Bezos, fiancée Lauren Sanchez, Sanchez, Bezos, Nico Lovejoy, Lovejoy, Marc Randolph, Randolph Organizations: Service, Business
Jeff Bezos and Lauren Sánchez recently attended men's fashion week in Milan. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIf you want to know how to nail down the "mob wife" look that's going viral on social media, you'd be wise to take tips from Jeff Bezos' partner, Lauren Sánchez. His fiancée, meanwhile, was peak "mob wife" — wearing a sheer, floor-length black lace Dolce & Gabbana dress for the evening event. Robino Salvatore/GC ImagesThe "mob wife" fashion trend, which is the antithesis of 2023's "quiet luxury" aesthetic is all about opulence.
Persons: Jeff Bezos, Lauren Sánchez, Bezos, Sánchez, , you'd, Robino Salvatore, Robert Armstrong, Armstrong, — Warren Buffett, Elon Musk Organizations: Service, Dolce, Gabbana, Amazon Locations: Milan
Please don't bother Jeff Bezos on vacation
  + stars: | 2023-12-31 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +2 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJeff Bezos' yacht is such a spectacle to behold that local authorities have had to ask the public to give the billionaire some privacy while he's on vacation. Before that, Bezos broke a California record by purchasing a $165-million estate built by Warner Bros. cofounder Jack Warner in 1937. The Beverly Hills estate provides privacy with tall hedges that hide the home from the street. Even in the way he conducts his businesses, from Amazon to Blue Origin, Bezos has cherished privacy, keeping some of the company projects secret for years, The Washington Post reported.
Persons: , Jeff Bezos, Lauren Sanchez, Tourism Charles Fernandez, Fernandez, Jeff, Lauren love Maui, Bezos, Jack Warner Organizations: Service, Business, Barbuda's, Tourism, Antigua Observer, Pacific Business, Warner Bros, Washington Post Locations: Falmouth, Antigua, Barbuda, Koru, Maui's, California, Beverly, Amazon
I tried using AI to generate gift ideas for big names in tech. Some gift ideas were better or more realistic than others. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Why not use it to plan your holiday shopping and brainstorm some gift ideas for your loved ones? I prompted ChatGPT to give me a few specific gift ideas for each name with varying results — check out the AI's recommendations below.
Persons: ChatGPT, Tim Cook, Jeff Bezos, Lauren Sanchez, , Elon Musk, Sundar Pichai, Google Bard Organizations: Service, Google
Jeff Bezos' fiancée, Lauren Sanchez, posed inside the 10,000 Year Clock in a photoshoot by Vogue. AdvertisementA Vogue feature of Jeff Bezos' fiancée, Lauren Sanchez, featured an iconic photoshoot of the couple in Western Texas. It's located inside a mountain in the Western Texas desert that's part of the Sierra Diablo Mountain Range. Bezos began funding the clock project back in 2011. Jeff Bezos and Lauren Sanchez got engaged in May after dating for about four years.
Persons: Jeff Bezos, Lauren Sanchez, Bezos, Danny Hillis, , Sanchez, intriguingly, Mackenzie Scott Organizations: Vogue, Long Now, Service, Origin, Fox Locations: Western Texas, Van Horn , Texas, Los Angeles
Jeff Bezos is expected to be "aggressive" in selling more shares of Amazon on Tuesday, sources told CNBC's David Faber. Bezos may sell as many as 8 to 10 million shares, which would amount to more than $1 billion worth of stock, the sources told Faber. Shares of Amazon are down about 2.6%. It comes after Bezos last week unloaded about $240 million worth of Amazon shares, according to financial filings. WATCH: Here's why Jeff Bezos is leaving Seattle for Miami
Persons: Jeff Bezos, CNBC's David Faber, Bezos, Faber, Bezos didn't, Bezos —, Bloomberg —, Lauren Sanchez, Sanchez Organizations: Amazon, Bloomberg, Fund, Seattle, Miami Locations: Maui, Seattle, Miami
Amazon founder Jeff Bezos' fund to support homeless families announced $117 million in new grants on Tuesday to organizations across the U.S. and Puerto Rico, which is a part of a $2 billion commitment Bezos made in 2018 to support homeless families and to run free preschools. That brings the amount granted by the Bezos Day 1 Families Fund to benefit homeless families to almost $640 million. The Salvation Army of Greater Charlotte received a second grant this year after first being awarded $5 million by the fund in 2018. The Bezos Day 1 Families Fund did not give a timeframe for when the pledged $2 billion would be distributed or what portion would go to homeless families. Last year, Bezos gave away $122.2 million and has pledged around $12.8 billion in charitable donations, according to The Chronicle of Philanthropy.
Persons: Jeff Bezos, Bezos, Lauren Sánchez, Deronda Metz, ” Metz, Amanda Andere, , can’t, Andere, Sánchez, Jacklyn Bezos, Miguel, Fred, Dolly Parton, José Andrés, Van Jones Organizations: Fund, Salvation Army, Greater Charlotte, Girls, Urban Institute, National Coalition for, Homeless, Housing, Urban Development, Amazon, CNN, Fred Hutchinson Cancer Center, Associated, Lilly Endowment Inc, AP Locations: Puerto Rico, Seattle, Maui
Call it déjà vu: Jeff Bezos and fiancée Lauren Sanchez had an engagement party, again. Guests included the likes of Oprah, Kris Jenner, Barbra Streisand, and Robert Pattinson. AdvertisementWhy have one engagement party when you can have two? Guests included the likes of Kris Jenner, Oprah Winfrey, Robert Pattinson, Salma Hayek Pinault, and Barbra Streisand, per Vogue. AdvertisementGuests at Bezos' and Sanchez's first engagement party included big names like Leonardo DiCaprio, Bill Gates, the Queen of Jordan, Andrew Garfield, and Bumble founder Whitney Wolfe Herd, according to Page Six.
Persons: Jeff Bezos, fiancée Lauren Sanchez, Barry Diller, Diane von Furstenberg, Oprah, Kris Jenner, Barbra Streisand, Robert Pattinson, , Lauren Sanchez, Oprah Winfrey, Salma Hayek Pinault, Bezos, Leonardo DiCaprio, Bill Gates, Queen, Jordan, Andrew Garfield, Bumble, Whitney Wolfe, Sanchez Organizations: Service, Beverly, Vogue
), has been overshadowed by a cheesecake photo of her with with her fiancé, Jeff Bezos. AdvertisementWhile most of the Annie Leibovitz photos of Sánchez alone look glamorous, the one that includes Bezos looks… uh... sort of uncanny. In a new exclusive interview, Lauren Sánchez discusses going to space, giving back, and her high-flying romance with Jeff Bezos. Winkie writes:It's almost a relief to know that someone as rich as Jeff Bezos is still bound by the frailties of the human condition. AdvertisementHey, who doesn't love true love?
Persons: Lauren Sánchez, Jeff Bezos, Annie Leibovitz, qXtkaXgN1C, Luke Winkie, Slate, Winkie, I'm Organizations: Vogue
Jeff Bezos' fiancee described the couple's morning routine in an interview with Vogue. It begins with coffee, and she uses a mug Bezos got her from Amazon. The mug says "Woke up sexy as hell again" on the side, she said. She revealed two key things (among others, admittedly): first, that Bezos uses his own product and shops on Amazon. Lauren Sánchez, who has been dating Bezos since at least 2019 when the couple went public, described their morning routine in the interview.
Persons: Jeff Bezos, , Bezos, Lauren Sánchez, Sánchez Organizations: Vogue, Service, Amazon
Lauren Sanchez told Vogue the figurehead on the yacht is actually of Norse goddess Freyja. AdvertisementIt turns out the female figurehead on Jeff Bezos' yacht isn't his fiancée, Lauren Sanchez. Jeff Bezos and Lauren Sanchez aboard his yacht, Koru. MEGA/GC Images"I'm very flattered, but it's not," she told Vogue. Sanchez also told Vogue about Bezos' proposal.
Persons: Jeff Bezos, Lauren Sanchez, Freyja, Sanchez, , Bezos, it's, Sánchez, Robino Salvatore Organizations: Vogue, Service
Lauren Sanchez said she was crying and holding Jeff Bezos' mom during Blue Origin's first manned spaceflight. Bezos was on the Blue Origin's spaceflight, which took place in 2021. AdvertisementAdvertisementIn 2021, Blue Origin completed its first manned spaceflight. "They were cracking jokes in the capsule, while I'm literally crying, holding his mother," Sanchez told Vogue's Chloe Malle about the launch. They were engraved with Blue Origin's motto "Gradatim Ferociter" — "step by step, ferociously."
Persons: Lauren Sanchez, Jeff Bezos, Blue, Bezos, Sanchez, , I'm, Vogue's Chloe Malle, MacKenzie Scott, Mark, Oliver Daemen, Wally Funk, Vogue, — Sanchez Organizations: Service, Origin, Vogue, National Enquirer, Wall Street Locations: Dutch
Jeff Bezos and Lauren Sanchez have been engaged for months. "When he opened the box, I think I blacked out a bit," Sanchez told Vogue. AdvertisementAdvertisementJeff Bezos and Lauren Sanchez —your favorite tech titan-helicopter pilot power couple — got engaged months ago, and now they're sharing the story of how it happened. "When he opened the box, I think I blacked out a bit," she told Vogue. Sanchez told Vogue she's "looking forward to being Mrs.
Persons: Jeff Bezos, Lauren Sanchez, Sanchez, , Bezos, MacKenzie Scott, Vogue Organizations: Amazon, Vogue, Service, National Enquirer, Fund
Amazon founder and former CEO Jeff Bezos successfully completed the first manned mission of Blue Origin’s New Shepard spacecraft. In this video, WSJ looks back at the remarkable career of the world’s richest man. The Amazon.com founder and former CEO posted his plans on Instagram Thursday. “I want to be close to my parents, and Lauren and I love Miami,” he wrote, referring to his partner, Lauren Sanchez. He said his parents recently moved back to Miami, where he graduated from high school in 1982.
Persons: Jeff Bezos, Origin’s, Joe Raedle, , Lauren, Miami, , Lauren Sanchez Organizations: Shepard Locations: Seattle, Miami
Jeff Bezos, who has called Seattle home for 29 years, is officially moving to Miami. Jeff Bezos has reportedly purchased a waterfront mansion in Indian Creek, an artificial barrier island in Miami. Karwai Tang/WireImage via Getty Images; Jeffrey Greenberg/Universal Images Group via Getty ImagesBezos made the announcement on Instagram on Thursday evening. "I want to be close to my parents, and Lauren and I love Miami," Bezos wrote of his and his fiancé Lauren Sanchez's decision to make the move. Of course, Bezos is no mere wealthy individual: With a $160 billion net worth, the Amazon founder is currently the second-richest person in the world.
Persons: Jeff Bezos, Karwai Tang, Jeffrey Greenberg, Bezos, Lauren, Miami, Lauren Sanchez's Organizations: Seattle, Getty, Universal Locations: Miami, Indian, Cape Canaveral, Pacific
Jeff Bezos is leaving Seattle for Miami
  + stars: | 2023-11-03 | by ( Michael Nam | Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Jeff Bezos is leaving the city where it all began for him. The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami. He explained that his parents recently moved back to Florida, where he and his family lived when he was younger, and that he wants to be closer to them. “I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here,” Bezos wrote. “I want to be close to my parents, and Lauren and I love Miami,” Bezos added, noting his fiancée Lauren Sánchez, who works closely with him on philanthropic projects.
Persons: Jeff Bezos, “ I’ve, I’ve, ” Bezos, Bezos, , Lauren, Miami, Lauren Sánchez, “ We’re, ” Sánchez, Carl Icahn, Tom Brady Organizations: New, New York CNN, Amazon, Origin, CNN, Bloomberg, , NFL, Washington’s Locations: New York, Seattle, Miami, Florida, Bellevue , Washington, Cape Canaveral, , Biscayne Bay
Jeff Bezos announced he is moving from Seattle to Miami, in part to be close to his parents. Moving from Washington state to Florida could save Bezos a yachtload in taxes. Now, he's off to Miami where there's no capital gains tax and zero state income tax. They don't worry too much about income tax, but they do focus a lot on capital gains tax. Those holdings will probably be exposed to capital gains tax, too.
Persons: Jeff Bezos, Bezos, fiancé Lauren Sanchez, , Miguel Bezos, Jeff, Lauren, Miami, McKenzie Scott, Brad Stone's Organizations: Service, Seattle, Miami Palmetto, GO, Amazon, SEC, Tech Locations: Seattle, Miami, Creek , Florida, Washington, Florida, , Florida, Biscayne, Amsterdam, New York City, California , New York, Texas
Jeff Bezos, who founded Amazon out of his Seattle garage in 1994 and plowed billions of dollars into transforming the city into a tech boomtown, said on Thursday that he was leaving his home of three decades and moving to Miami. Mr. Bezos, 59, announced his move in an Instagram post on Thursday night. He said his parents had recently moved back to Miami, where he attended high school, and that he wanted to be closer to them and to his partner, Lauren Sanchez. Bloomberg News reported last month that Mr. Bezos had purchased a mansion in South Florida for $79 million, a few months after buying a neighboring one for $68 million. Mr. Bezos is worth $161 billion, making him the world’s third-richest person, according to Bloomberg.
Persons: Jeff Bezos, Bezos, Lauren Sanchez Organizations: Seattle, Bloomberg News, Bloomberg Locations: Miami, Cape Canaveral, Fla, South Florida
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