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Do they know something we don’t know? US titans Jeff Bezos, Leon Black, Mark Zuckerberg, Jamie Dimon and Walmart’s Walton family sell a whopping $11 BILLION in shares

 

  • Jeff Bezos – the third richest man in the world – sold this month to Amazon for $8.5 billion
  • Mark Zuckerberg – the fourth richest in the world – sold approximately $638 million to Meta
  • Jamie Dimon, Leon Black and the Waltons also sold shares, raising concerns

American billionaires are selling their stocks en masse, raising fears of an impending financial disaster.

Jeff Bezos – the third richest man behind Louis Vuitton’s Bernard Arnaut and Elon Musk – has sold $8.5 billion worth of Amazon stock this month alone.

Mark Zuckerberg – the fourth richest – sold about 1.4 million Meta shares worth about $638 million.

Jamie Dimon, chairman and CEO of JPMorgan, earned $150 million last week, in his first payout since taking over at the bank nearly two decades ago.

Within days, Apollo Global Management’s Leon Black also made his first-ever sale, losing $172.8 million in his equity business after 34 years. Walmart’s Walton family sold $1.5 billion in a week, bringing its total sales revenue since December to $2.3 billion.

Jeff Bezos – seen here with fiancée Lauren Sanchez – sold $8.5 billion worth of Amazon stock this month, sparking fears of economic uncertainty
Mark Zuckerberg – the fourth richest man in the world after Bezos, Bernard Arnaut and Elon Musk – has sold around 1.4 million Meta shares worth around $638 million since the end of 2023.

The series of transactions all took place within weeks of each other and have already sparked conversations among onlookers.

Experts theorized this week that the selling could be a result of the looming election, and the S&P 500 index — a decent measure of the larger economy — remains at record highs.

“If you read the tea leaves and look at what could happen with our politics in the next year, things are pretty good right now: the markets are up,” financial advisor Alan Johnson told Fortune late last month.

The employee of Manhattan-based Johnson Associates further suggested that the sales could be the result of a potentially volatile decline, coinciding with the upcoming general election.

“With our politics and all the other geopolitics going on, maybe a year from now or two years from now it won’t be so good,” he admitted.

The expert then pointed out the recent impressive performance of the S&P 500, and how it is up more than 27 percent in the past year.

This development added billions within a year to the portfolios of the figures responsible for the recent sales, Johnson reminded – adding that these executives are currently “more in the money” than expected.

That’s why Johnson said diversifying their investments — at least from an investor’s standpoint — is a good idea.

Jamie Dimon, chairman and CEO of JPMorgan, made $150 million last week – his first stock sale since taking over at the bank nearly two decades ago
Within days, Apollo Global Management’s Leon Black also made his first-ever sale, losing $172.8 million in his equity business after 34 years.
Walmart’s Walton family sold $1.5 billion in a week, bringing its total sales revenue since December to $2.3 billion. Alice Walton, the 73-year-old heir to the retail dynasty, is seen here. With a net worth of approximately $66.5 billion, she is the richest woman in the US
Donald Trump, the current leader of the Republican Party
Joe Biden, the likely Democratic nominee

While hedging their bets, shareholders could also benefit from current tax breaks in case they are eliminated under a new administration, the financial adviser said.

Many of those pauses were brought up during the Trump administration, Johnson said — meaning another Biden victory could mean they will finally be put to bed.

Fears were further fueled by statements from major players in the financial markets in recent weeks – some of which suggested the sudden stock dump could be the result of something bigger behind the scenes.

American Hartford Gold, a company that sells gold and other metals to investors, suggested in a promotional video published on the company’s website late last month that the major liquidations could be a sign of an economic downturn to come.

Senior director Mechi Block issued this warning, suggesting that the CEOs – using their different view of the economy – “get out before the tech bubble bursts.”

“Billionaire CEOs like (Jeff) Bezos, (Mark) Zuckerberg, Jamie Dimon and the Walton family are selling off huge amounts of their own stock, and analysts think the CEOS may be bracing for an economic downturn,” he said in the February . 29 clip.

Experts theorized this week that the selling could come from billionaires hedging their bets ahead of the looming 2024 election, and as the S&P 500 index — a decent measure of the larger economy — remains at record highs. in the past year it has increased by more than 27 percent

“An overheated stock market continues to soar to new heights,” he continued, adding, “While investors fuel that frenzy for fear of missing out, economic insiders are unloading billions of dollars worth of stocks.”

He said their motivation, while unproven, “could have serious consequences for everyday Americans.”

He went on to explain the trades and who executed them, before advancing a theory very similar to that of Johnson and several other seasoned experts.

“These stocks,” he said, “are being sold because the S&P 500 index is at an all-time high” — an indicator he attributed to just “seven” companies, many of which are nice in the numbers in question.

He went on to point out how these companies have performed as the S&P has thrived.

“Meta shares are up 186 percent, JPMorgan is up almost 30 percent, and Amazon is up almost 90 percent. All three companies are trading near record highs,” he said.

‘Analysts believe the trigger for this mass selling could be the upcoming elections, and the volatility that will certainly bring.

Machi Block of American Hartford Gold suggested in a promotional video published on the company’s website late last month that the major liquidations could be a sign of an economic dip to come.

“Selling,” he added, “means the stock is fully valued, and it’s time to get out while the acquisition is still good.”

Like Johnson, he theorized that wealthy shareholders might want to take advantage of stock expansions implemented during the Trump years before they may be removed by the new Congress.

“Selling huge amounts of stock could also send a bleaker signal to individual investors,” he further warned.

‘When CEOs buy shares, it usually shows confidence in the future growth potential of that company.

“It’s also possible that these billionaires’ view from above gives them a different perspective on the economy and where it is going.

Citing how Dimon recently sounded the alarm about the astronomical growth of government debt and the lingering effects of inflation and increasing geopolitical conflict, he encouraged Americans to contact the company to buy gold as a way to to hedge financial risks associated with the stock markets.

As a result, Gold was trading near record highs just over a week later, valued at approximately $2,193.80 USD per ounce.

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