Many of the richest business leaders in the US has lost millions, if not billions, from dollars in equity since the beginning of the year, as the president’s policies Donald Trump They hit the markets.
But some could have lost even more if they had not sold millions of dollars in stock before Trump’s tariff announcement in early April – not necessarily because they knew something that the rest of us didn’t know, but because rich investors treat their wallets a little differently from the average investor.
O CEO yes Meta, Mark Zuckerberga CEO yes OracleCatz crop, and the CEO of JpmorganJamie Dimon, were among the 10 largest stock salesmen for value during the first three months of this year, according to data from The Washington Service, which follows purchases and sales by corporate insiders (with non -public information from the company).
Together, the top 10 insiders sold more than 28 million shares of their companies, combined $ 3.9 billion during the first quarter, show the data.
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Trump has since changed his mind about many of these tariff plans, but uncertainty continued to shake the markets. THE Bloomberg It was the first to report the data from The Washington Service.
Representatives of Zuckerberg, Dimon and Catz did not immediately respond to requests for comment.
Corporate executives usually sell shares at regularly scheduled intervals, and There is no indication that the main sellers were trying to anticipate the announcement of tariffs.
Still, the moment meant that they suffered lower losses in the value of their shareholding appearances than they had sold weeks later.
Zuckerberg sold 1.1 million shares worth nearly $ 733.5 million during the first quarter. Securities and Exchange Commission (SEC) records show that sales occurred during January and February, when target actions were being traded mainly above $ 600.
The company’s roles ended Thursday (24) to $ 533, a retreat close to 11% in the year.
The drop in target stock price has helped reduce Zuckerberg’s equity by nearly $ 30 billion since the beginning of this year, until Tuesday, according to the Bloomberg billionaires rate.
Even after sales, Zuckerberg has over 342 million goal shares, about 13% of the company’s total.
The drop in wealth of Zuckerberg this year is particularly notable considering his and his company’s efforts to foster a closer relationship with Trump, presumably hoping that Trump’s policies and actions will benefit the results of the goal.
This included donating and attending the inauguration of the president, as well as a $ 25 million agreement to resolve the process Trump moved against the company by suspending his account after the capitol attack on January 6, 2021, of which $ 22 million will help finance Trump’s future presidential library.
Catz sold 3.8 million in Oracle shares worth $ 705 million in the first quarter, according to The Washington Service. Oracle shares (ORCL) have fallen almost 19% since the beginning of this year, until noon on Wednesday.
Jamie Dimon of JPMorgan sold more than 860,000 shares worth $ 233.8 million in the first quarter. Dimon warned that a recession is a “probable result” of Trump’s trade policies.
The top ten insider salespeople based on the value of shares sold in the first quarter, according to The Washington Service, were: Zuckerberg, Catz, CEO of Palo Alto Networks Arora Nikesh, director of Groen, director of Axis Capital Holdings Charles Davis, President of the Palantir Stephen Cohen, Dimon, CEO of Tempus Ai Eric Lefkofsky, Co-CEO of Netflix Ted Sarandos and CEO of Dutch Bros Travis Boersma.
