Massive Company Stock Sell-Off: Bezos, Black, Dimon, Walton Family Cash Out $11 Billion
Massive Company Stock Sell-O...
Subscribe to Newsletter

Massive Company Stock Sell-Off: Bezos, Black, Dimon, Walton Family Cash Out $11 Billion

28 February 2024
2 min.
Massive Company Stock Sell-Off: Bezos, Black, Dimon, Walton Family Cash Out $11 Billion

Inside the Billionaire Exodus

As the market scales dizzying heights, a wave of high-profile figures is seizing the opportunity to offload hefty chunks of their company shares. From tech titans to financial moguls, the sell-off frenzy is hitting headlines, raising eyebrows, and prompting questions about the motives driving these colossal transactions.

The Big Players in the Game

Jeff Bezos sold $8.5 billion in Amazon shares, Jamie Dimon divested $150 million in JPMorgan Chase stocks after 18 years, and Leon Black made his first stock sale, earning $172.8 million from Apollo Global Management.

Zuckerberg's Metamorphosis and the Walmart Dynasty's Strategy

Mark Zuckerberg, the enigmatic force behind Meta, formerly Facebook, orchestrated a spectacle of stock sell-offs, shedding 1.4 million shares valued at approximately $638 million. This latest liquidation follows a strategic pattern, with Zuckerberg offloading sizable chunks of Meta shares over recent months, amassing proceeds totaling a staggering $1.2 billion. Meanwhile, the Walton family, guardians of Walmart's legacy, orchestrated a $1.5 billion stock sale, a calculated move in their portfolio management playbook.

Behind the Scenes: Trading Plans and Strategic Maneuvers

Many of these transactions are executed via meticulously crafted 10b5-1 trading plans, prearranged mechanisms designed to execute sales at predetermined intervals or price thresholds. Crafted to navigate regulatory waters and sidestep allegations of insider trading, these plans offer a shield against legal scrutiny while providing a systematic approach to portfolio diversification.

Navigating Uncertain Horizons

Stock indices surge as analysts attribute it to potential political uncertainties and tax policy changes. Seasoned compensation consultant Alan Johnson suggests investors are securing positions amidst looming political upheaval, hedging their bets in a buoyant market.

Dimon's Departure: Speculations and Legacy

Jamie Dimon's shift away from holding company stock has raised questions about his future at JPMorgan Chase. With a net worth of $2.1 billion, his move sparks speculation about long-term plans and potential successors. This departure from convention adds intrigue to the financial landscape.

Persons4 and Companies5 in the news

American private equity investor
1 place
Internet entrepreneur and philanthropist, CEO of Facebook
2 place
Industrialist, media proprietor, and investor
3 place
Chairman and CEO
4 place
Meta (Facebook)
2 place
3 place
4 place
JP Morgan Chase
5 place
Source foto:
Rating companies
15 Mention
14 Mention
13 Mention
10 Mention
Ford Motor Company
10 Mention
JP Morgan Chase
9 Mention
X (Twitter)
8 Mention


News from is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York. news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year