What are Jeff Bezos, Mark Zuckerberg up to? US billionaires sell $11 billion in stock (2024)

FAQs

Why are so many billionaires selling their stocks? ›

"Billionaire CEOs like [Jeff] Bezos, [Mark] Zuckerberg, Jamie Dimon, and the Walton family are selling off massive amounts of their own stocks, and analysts think the CEOS may be bracing for an economic downturn," he said, adding, “An overheated stock market continues to climb to new heights as investors feed that ...

The latest of those sales was well timed, as Meta's stock price has since fallen about 5% since then. A representative for Zuckerberg said he mainly sells shares through trading plans to fund his and his wife Priscilla Chan's philanthropy.

“We've historically seen a lot of volatility in our stock during this phase of our product playbook where we're investing in scaling a new product but aren't yet monetizing it,” Zuckerberg said on the call. Zuckerberg owns around 345 million Class A and B shares.

Founder and former CEO Jeff Bezos is the largest Amazon shareholder, with more than 937 million shares, which represent a stake of about 9% in the company. Bezos' shares are worth an estimated $166 billion.

Fifteen S&P 500 stocks — including Apple (AAPL), Microsoft (MSFT) and Alphabet (GOOGL) — are the top wealth creators in the past 10 years, says a new analysis from Morningstar. They generated nearly $16 billion in total wealth in that time. That's a whopping amount of wealth in just a small group of stocks.

1. Warren Buffett: Warren Buffett is the CEO and chairman of Berkshire Hathaway, and he is one of the Top 10 Richest Investors in the World. His success can be seen through his unique strategies and approaches to investing.

His salary is $1 and follows a trend Zuckerberg established in 2013. However, the filing reveals a different story when it comes to total compensation. The $1 salary is just a sliver of Zuckerberg's total package, which came in at $24.4 million in 2023.

In the fourth quarter of 2023, the Bill & Melinda Gates Foundation Trust dumped its stake in several large companies, including Apple, Meta, Google-owner Alphabet, Amazon and Nvidia. This was revealed in Berkshire's 13F filing with the SEC, which is required for all investors who manage over $100 million in funds.

The largest institutional shareholder of the company is Vanguard Group.

What percentage of Amazon (AMZN) stock is held by retail investors? According to the latest TipRanks data, approximately 41.10% of Amazon (AMZN) stock is held by retail investors. Jeffrey Bezos owns the most shares of Amazon (AMZN).

Why did Jeff Bezos sell so much stock? ›

He's following a prescribed plan available only to corporate insiders—and his recent cross-country move will reduce the transaction's tax bill. Bezos sold his shares as part of a predetermined process for selling company stock. And his recent move to Miami will ease the tax burden of that process.

Who owns BlackRock? BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

New York, Los Angeles, and London remained the top places with the highest sales in real estate in 2022. While ultra-prime properties, worth $25 million or more, saw higher sales in New York and London. In 2024, the luxury real estate market is expected to improve.

Factors such as regulation, technology, risk, and governance are driving change. o Growing Prominence of Private Assets: Family offices are increasingly allocating their wealth to private assets, including private equity, infrastructure, and venture capital.

There are many valid reasons to sell all or part of a business. Selling shares in a business can generate significant cash, which can be used to pay down debts or fund investments or charitable donations. Likewise, selling part of a business can reduce the owner's risk and allow them to diversify their personal assets.

JPMorgan Chase CEO Jamie Dimon finished the planned sale of his 1 million shares in the bank Monday. Dimon offloaded the remaining 178,222 shares on Monday, which were worth about $33 million, according to a filing with the Securities and Exchange Commission (SEC).