Why Billionaires Jeff Bezos & Jamie Dimon Are Cashing Out Their Stocks
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 Published On Mar 7, 2024

A string of high-profile CEOs, founders, and heirs are selling a massive amount of stocks at their own companies lately. Most of them were at all-time high prices.

Amazon founder Jeff Bezos quickly cashed out $8.5 billion in 9 trading days. Jamie Dimon, chairman and CEO of JPMorgan Chase made his first cash-out since taking the job 18 years ago and sold $150 million in stock. Around the same time, Leon Black, cofounder and former CEO of Apollo Global Management also shed a first-time stock sale, for $172.8 million. Mark Zuckerberg also unloaded about 1.4 million shares of Meta stock through dozens of trades since the beginning of February, worth roughly $638 million.

One reason is that wealthy stakeholders might be restructuring their holdings as part of the plan for retirement and inheritance.

However, it is worth emphasizing that the cash-outs by Bezos, Zuckerberg, and Dimon's sales only represent small fractions of their stakes, which is very important in signaling their long-term confidence and commitment to their companies.

00:00 - CEOs Selling Stocks
01:03 - Stocks Going Up
01:44 - Retirement Plans
02:03 - Long-Term Game

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