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Amazon founder Bezos sells shares worth over $4bn

The multi-billionaire moved to Miami last year, where there is no tax on share sales above $250,000.

Earlier this month, Amazon said he was planning to sell 50 million shares over the next year, which would be worth about $8.4bn at current prices. Mr Bezos will not owe any taxes on his gains after moving to Miami in Florida from Seattle in the state of Washington last year. Mr Bezos said in November that his parents had recently moved back to Miami where he spent some of his childhood and that he wanted to be close to them and to his Blue Origin space project, which was "increasingly shifting to Cape Canaveral".

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