Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month— some for the first time ever
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Do they know something we don’t?
Discussion
# Very strange
They normally just borrow against their assets.
Perhaps they need the dry powder for when those assets are cheap 🤔. #BerkshireHathaway is sitting on a lot of it too.
#TheGreatTaking
In the case of bezos he is avoiding a wealth tax in his home state. Moving to Florida, and funding the purchase of real estate in Florida.
https://www.businessinsider.com/jeff-bezos-miami-move-shows-challenges-taxing-rich-2024-2?op=1