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

FAQs

Why are Bezos and Zuckerberg selling shares? ›

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.

Sometimes, billionaires and hedge fund managers shrewdly exit or reduce positions after achieving their expected investment goals. If a stock's valuation gets too high relative to expected revenue or cash flows, professional investors often consider selling.

Zuckerberg owns around 345 million Class A and B shares. With the stock falling by $52.12 on Thursday, the value of his stake sank by about $18 billion to $152 billion by the close of trading.

The buying and selling of shares in a corporation is a form of investment. This is to imply that businesses sell stock to raise money. Financial resources are raised through the issuance of stock shares, which investors purchase to get a return on their initial investment and fund future expansion.

He is not the only billionaire who has sold stocks and opted to accumulate cash. In mid-2023, news began to spread about the world's super-rich reducing their ownership of shares in public companies. The reason behind this move is to secure their wealth amidst rising interest rates and economic uncertainty.

Almost all of Mark Zuckerberg's net worth comes from his ownership stake in Facebook, which he founded in 2004. While he was still a student at Harvard University he created a website called Facemash, which allowed students to rate the attractiveness of their peers.

Musk's most famous investment is Tesla. He currently holds shares and options in the company totaling around $77 billion.

Facebook is owned by Meta. The founder of Meta is Mark Zuckerburg. Google is owned by Alphabet Inc.

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.

The 3–5–7 rule in trading is a risk management principle that suggests allocating a certain percentage of your trading capital to different trades based on their risk levels. Here's how it typically works: 3% Rule: This suggests risking no more than 3% of your trading capital on any single trade.

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

While the practice is legal, investors who trade the same securities often in a single day are potentially flagged as “pattern day traders" (PDT), which requires adherence to Financial Industry Regulatory Authority (FINRA) requirements.

The main reason that the company decided to go public is because it crossed the threshold of 500 shareholders, according to Reuters financial blogger Felix Salmon. Facebook reportedly turned down a $750 million offer from Viacom in 2006. That same year, Yahoo!

The biggest overall winner from the Magnificent Seven's recent rally is Amazon founder Jeff Bezos, who netted about $8.5 billion unloading stock over less than two weeks in February.

The team found that, without exception, each of these selloffs has been primarily driven by one of three things: rising unemployment, rising bond yields or some kind of global exogenous shock. Sometimes, it has been a combination, as was the case during the two equity-market corrections that occurred during 1980.