Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

The taxes (what, 20% capital gains?) seems an excellent deal for the ecosystem where he grew his company: a stable political system, strong asset protection enforced by strict laws, an educated workforce in a relatively unpolluted environment, etc.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#7

Post by adventured » Sat, Nov 04, 2017, 1:04 AM UTC

$94.6 billion net worth at present per Bloomberg.

I know he is basically guaranteed to be running all of these sales off a sale schedule set far in advance for obvious reasons. However, I'd probably be doubling up those $1 billion sales until/unless this market gives out.

Raising $6 or $10 billion - enough to fund Blue Origin for maybe a decade - by selling out of a $94 billion base, sure beats doing the same out of $26 billion (where his net worth was at just ~33 months ago).

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#8

Post by loeg » Sat, Nov 04, 2017, 1:07 AM UTC

clarkevans wrote: post #6

fataliss wrote: post #3

That tax season will hurt!

The taxes (what, 20% capital gains?) seems an excellent deal for the ecosystem where he grew his company: a stable political system, strong asset protection enforced by strict laws, an educated workforce in a relatively unpolluted environment, etc.

20% capital gains rate + 3.8% NIIT to the federal government.

(And another 7.9% to WA under governor Inslee's December 2016 proposal — which, to be clear, has not actually become law.)

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#9

Post by tyingq » Sat, Nov 04, 2017, 1:08 AM UTC

loeg wrote: post #8

clarkevans wrote: post #6

Earlier quoted context omitted.

The taxes (what, 20% capital gains?) seems an excellent deal for the ecosystem where he grew his company: a stable political system, strong asset protection enforced by strict laws, an educated workforce in a relatively unpolluted environment, etc.

20% capital gains rate + 3.8% NIIT to the federal government. (And another 7.9% to WA under governor Inslee's December 2016 proposal — which, to be clear, has not actually become law.)

Is that all though? I'm guessing that plus whatever regular income tax for his bracket is...which is higher than all that combined.

Edit: Why downvote a question? I appreciate the answers, and suspect I'm not the only interested party.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#10

Post by jamestimmins » Sat, Nov 04, 2017, 1:08 AM UTC

adventured wrote: post #7

$94.6 billion net worth at present per Bloomberg. I know he is basically guaranteed to be running all of these sales off a sale schedule set far in advance for obvious reasons. However, I'd probably be doubling up those $1 billion sales until/unless this market gives out. Raising $6 or $10 billion - enough to fund Blue Origin for maybe a decade - by selling out of a $94 billion base, sure beats doing the same out of…

A $68 billion increase in net worth in 33 months must be some kind of record.