The great millionaires of the 21st century, the giants of technology Jeff Bezos, Elon Musk y Mark Zuckerberg, Not only have they enriched themselves during the pandemic, but in 2021 they continue to increase their fortune by disposing of their stocks, which are at their maximum, in the face of the threat of tax changes.
The sale of shares of these senior executives or «initiated» (as you know, the people with positions in a company) of corporate America has exploded in 2021 to levels never seen before, with a combined collection of almost 69 billion to date, 30% more than in all of last year.
The figure, compiled by InsiderScore / Verity, which analyzes the operations of “insiders” to generate investment ideas and has institutional money managers as clients, is due to “A combination of factors” led by the striking appreciation of the shares, its director of research, Ben Silverman, told Efe.
“The appreciation of (stock) prices, as expected, has led to insiders behave opportunistically «Silverman added.
The one that sold the most
Bezos, founder of Amazon. Photo Bloomberg
The top seller of 2021 by fundraising value is Jeff Bezos, founder of Amazon and now dedicated to his space travel company Blue Origin and philanthropic projects, who has sold shares worth $ 9.97 billion. throughout 2021, attributed to a preconfigured plan called “10b5-1”.
In general terms, the “10b5-1” plans, established by the Securities Market Commission (SEC), allow large holders of shares to establish passive purchase and sale operations in advance to avoid being accused of using information. privileged.
Bezos’s sales on Amazon “were not unusual, and in 2020 he sold even more shares than this year,” but those of another of the richest men in the world, Elon Musk, the founder of Tesla, do catch the expert’s eye: «It had not been sold since 2010, on the IPO of the company «.
Musk has raised $ 5.4 billion in just one month, since he voted on Twitter on Nov. 6 on the fate of part of his equity stake. with the option to sell as a winner.
Mark Zuckerberg reconverted the brand. Meta photo
Meta (new name for Facebook) founder Mark Zuckerberg has made $ 4.47 billion this year with almost daily sales, and Google founders Larry Page and Sergey Brin have made about $ 1.5 billion. all following these kinds of plans.
Meanwhile, the Walton family, the richest in the United States and heir to the supermarket chain Walmart, has pocketed $ 6.18 billion since January as part of regular sales destined for his non-profit foundation.
Satya Nadella, Microsoft’s chief executive officer, made headlines this week for his decision to sell more than half of his company’s shares, about 840,000, for $ 285 million due to “Personal reasons for planning and financial diversification.”
There are suspicions that another implicit reason for these massive stock sales has to do with taxes, as the pressure may soon mount: in the state of Washington – where Microsoft is based – from January there will be a higher income tax. long-term capital income. At the federal level, a higher tax rate on millionaire income is debated in Congress.
“Possible changes in tax codes at the federal and state level are also a likely factor. for some ‘insiders’, Silverman explained, also taking into account the large number of companies that have come onto the market in recent years.
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The Fortunes of Jeff Bezos, Elon Musk and Mark Zuckerberg: Even Richer by the End of 2021 / Headlines of Technology