Key Points
Jeff Bezos is expanding his real estate portfolio with a third mansion on South Florida's exclusive Indian Creek island..
As reported by Bloomberg, the founder of Amazon.com Inc. has reportedly agreed to pay around $90 million in an off-market deal for a six-bedroom home in the Miami-area enclave..
Bloomberg reported citing sources that Bezos intends to reside in this new property while he proceeds to demolish the other houses he acquired on the island..
Since February, Jeff Bezos has sold approximately $8.5 billion worth of Amazon shares, marking his first disposal of company stock since 2021..
In addition to his stock transactions, Bezos holds significant property assets, including homes in Washington, a Maui estate, and a Beverly Hills mansion purchased for $165 million in 2020..
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