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Fortune
Fortune
Christiaan Hetzner

Billionaire Amazon founder Jeff Bezos moves to Florida, where his parents live—and capital gains are not taxed

Jeff Bezos capital gains Florida Amazon Washington D.C. Miami
Amazon founder Jeff Bezos, the world's third wealthiest individual. (Credit: Axelle—Bauer-Griffin/FilmMagic)

After launching Amazon from a garage in Seattle in 1994, centibilllionaire Jeff Bezos is leaving the Pacific Northwest behind and setting sail for Florida. 

In an Instagram post, the world’s third wealthiest person—with a net worth estimated at $160 billion—said he wanted to be closer to my parents after they recently moved back to Miami. 

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