Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out_老虎社区_美港股上老虎

Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out

Bloomberg2021-12-15

Richest Americans have sold $42.9 billion of stock this year Google founders Brin, Page make their first sales since 2017 Mark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...

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179

wallence82
·2021-12-15
Buy it. Do not let noise affected
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Troytan
·2021-12-15
The fear of near future tax hike accelerate the Unloading of shares of the ultra rich.
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Kanchha165
·2021-12-15
May be he wants enjoy around xmax
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IAS
·2021-12-15
Rich gets richer
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RO8
·2021-12-15
Lol
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BoonHuat
·2021-12-15
Nice.
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JeremyChuax
·2021-12-15
Off risk haha.
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- JeremyChuax:
  Up
  2021-12-15
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Pluto891
·2021-12-15
smart to cash out and those who bought at the high will lament about their judgement
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eslebe
·2021-12-15
While we pick up the stonks...
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2
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RobinChanKH
·2021-12-15
Up
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3
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koolgal
·2021-12-15
The amount of shares sold by the Ultra Rich is staggering. I hope they can share some with us lesser mortals. 😁😁😁
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- koolgal:
  Thanks
  2021-12-15
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- Pluto891:
  yeah.
  2021-12-15
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- koolgal:
  Thanks
  2021-12-15
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查看更多 1 条评论
LWKJKK
·2021-12-15
So it's a norm that Tesla Elon sell high and buy at dip now. Now is the dip.
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Ironman2002
·2021-12-15
Smart people selling at a high!
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1
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YCLim
·2021-12-15
@JKGan @EugeneLimYCsee
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2
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MHh
·2021-12-15
Take profit
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4
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- MHh:
  [Smile]
  2021-12-15
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- kenong62:
  ok
  2021-12-15
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zion1
·2021-12-15
It's all planned to make prices crash. Once at their low, they will buy back so that their wealth will not deplete. Clever move.
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RieslingHawk
·2021-12-15
Good indication that market is crashingsoon
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Success88
·2021-12-15
Good
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ParableTalen
·2021-12-15
December is red month if those wealthy sell it for tax purposes last minute.
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4
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Cub88
·2021-12-15
Good article.
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The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":607548539,"gmtCreate":1639570646297,"gmtModify":1639571043787,"author":{"id":"3564307944903490","authorId":"3564307944903490","name":"wallence82","avatar":"https://static.tigerbbs.com/dea005ab03386f13fa25c505b9a3221a","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3564307944903490","authorIdStr":"3564307944903490"},"htmlText":"Buy it. Do not let noise affected","listText":"Buy it. Do not let noise affected","text":"Buy it. Do not let noise affected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607548539","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607517505,"gmtCreate":1639561550032,"gmtModify":1639562208931,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"The fear of near future tax hike accelerate&nbsp;the &nbsp; &nbsp; &nbsp; Unloading of shares of the ultra rich.&nbsp;","listText":"The fear of near future tax hike accelerate&nbsp;the &nbsp; &nbsp; &nbsp; Unloading of shares of the ultra rich.&nbsp;","text":"The fear of near future tax hike accelerate the Unloading of shares of the ultra rich.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607517505","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607249811,"gmtCreate":1639552026640,"gmtModify":1639552026725,"author":{"id":"4099720108890680","authorId":"4099720108890680","name":"Kanchha165","avatar":"https://static.tigerbbs.com/13efcef58c9d8eb8ced4f4549e2d182e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099720108890680","authorIdStr":"4099720108890680"},"htmlText":"May be he wants enjoy around xmax&nbsp;","listText":"May be he wants enjoy around xmax&nbsp;","text":"May be he wants enjoy around xmax","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607249811","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607255337,"gmtCreate":1639551433786,"gmtModify":1639551434056,"author":{"id":"3576136694569207","authorId":"3576136694569207","name":"IAS","avatar":"https://static.tigerbbs.com/933fbcc1d9c75b4ff82486f8a48a3e7c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576136694569207","authorIdStr":"3576136694569207"},"htmlText":"Rich gets richer&nbsp;","listText":"Rich gets richer&nbsp;","text":"Rich gets richer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607255337","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607224713,"gmtCreate":1639550627230,"gmtModify":1639550627486,"author":{"id":"3585981947031986","authorId":"3585981947031986","name":"RO8","avatar":"https://static.tigerbbs.com/1f744cb66900b3865c3ed1da7364ddce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585981947031986","authorIdStr":"3585981947031986"},"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607224713","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607262355,"gmtCreate":1639548781890,"gmtModify":1639548782082,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3574549633778650","authorIdStr":"3574549633778650"},"htmlText":"Nice.","listText":"Nice.","text":"Nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607262355","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607263290,"gmtCreate":1639548238598,"gmtModify":1639548332334,"author":{"id":"4089499026613770","authorId":"4089499026613770","name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4089499026613770","authorIdStr":"4089499026613770"},"htmlText":"Off risk haha.","listText":"Off risk haha.","text":"Off risk haha.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607263290","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6989102,"gmtCreate":1639548250884,"gmtModify":1639548250911,"authorId":4089499026613770,"author":{"id":4089499026613770,"idStr":"4089499026613770","authorId":4089499026613770,"name":"JeremyChuax","avatar":"https://static.tigerbbs.com/a1f1ede120de2da723e4456d7fdcce55","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607263290,"type":1,"supId":0,"prevId":0,"content":"Up","text":"Up","html":"Up"}],"langContent":"CN"},{"id":607287784,"gmtCreate":1639547716426,"gmtModify":1639547717525,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581937910767045","authorIdStr":"3581937910767045"},"htmlText":"smart to cash out and those who bought at the high will lament about their judgement","listText":"smart to cash out and those who bought at the high will lament about their judgement","text":"smart to cash out and those who bought at the high will lament about their judgement","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607287784","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607282327,"gmtCreate":1639547220051,"gmtModify":1639547260613,"author":{"id":"4100154790997510","authorId":"4100154790997510","name":"eslebe","avatar":"https://static.tigerbbs.com/49b59eaa11d91f8e50747a353d6075a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100154790997510","authorIdStr":"4100154790997510"},"htmlText":"While we pick up the stonks...","listText":"While we pick up the stonks...","text":"While we pick up the stonks...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607282327","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607283128,"gmtCreate":1639546738874,"gmtModify":1639546739267,"author":{"id":"3585125163446793","authorId":"3585125163446793","name":"RobinChanKH","avatar":"https://static.tigerbbs.com/bf0ba843eca17a8812677bc4f2a46162","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3585125163446793","authorIdStr":"3585125163446793"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607283128","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607217767,"gmtCreate":1639546154463,"gmtModify":1639546154463,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"htmlText":"The amount of shares sold by the Ultra Rich is staggering.&nbsp; I hope they can share some with us lesser mortals. 😁😁😁","listText":"The amount of shares sold by the Ultra Rich is staggering.&nbsp; I hope they can share some with us lesser mortals. 😁😁😁","text":"The amount of shares sold by the Ultra Rich is staggering. I hope they can share some with us lesser mortals. 😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/607217767","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6989087,"gmtCreate":1639548030401,"gmtModify":1639548030401,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607217767,"type":1,"supId":6989052,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":6989052,"gmtCreate":1639547737567,"gmtModify":1639547737666,"authorId":3581937910767045,"author":{"id":3581937910767045,"idStr":"3581937910767045","authorId":3581937910767045,"name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607217767,"type":1,"supId":0,"prevId":0,"content":"yeah.","text":"yeah.","html":"yeah."},{"id":6989007,"gmtCreate":1639547366977,"gmtModify":1639547366977,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607217767,"type":1,"supId":6988989,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":6988989,"gmtCreate":1639547235516,"gmtModify":1639547235605,"authorId":4100154790997510,"author":{"id":4100154790997510,"idStr":"4100154790997510","authorId":4100154790997510,"name":"eslebe","avatar":"https://static.tigerbbs.com/49b59eaa11d91f8e50747a353d6075a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607217767,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"CN"},{"id":607217629,"gmtCreate":1639546121968,"gmtModify":1639546122510,"author":{"id":"4096337009824130","authorId":"4096337009824130","name":"LWKJKK","avatar":"https://static.tigerbbs.com/c8865fe58cb1e2421bb5f60a39a8af3e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4096337009824130","authorIdStr":"4096337009824130"},"htmlText":"So it's a norm that Tesla Elon sell high and buy at dip now. Now is the dip.&nbsp;","listText":"So it's a norm that Tesla Elon sell high and buy at dip now. Now is the dip.&nbsp;","text":"So it's a norm that Tesla Elon sell high and buy at dip now. Now is the dip.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607217629","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607215699,"gmtCreate":1639545762997,"gmtModify":1639545762997,"author":{"id":"4094301913132990","authorId":"4094301913132990","name":"Ironman2002","avatar":"https://static.tigerbbs.com/784449fc945cf9d5c7b81316e20a221c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4094301913132990","authorIdStr":"4094301913132990"},"htmlText":"Smart people selling at a high!","listText":"Smart people selling at a high!","text":"Smart people selling at a high!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607215699","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607210231,"gmtCreate":1639544191046,"gmtModify":1639544191902,"author":{"id":"3570854002442844","authorId":"3570854002442844","name":"YCLim","avatar":"https://static.tigerbbs.com/3d379b5568f9232352aa09ded85fac76","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570854002442844","authorIdStr":"3570854002442844"},"htmlText":"<a href=\"https://laohu8.com/U/3577494759333904\">@JKGan</a><a href=\"https://laohu8.com/U/3576887048218286\">@EugeneLimYC</a>see&nbsp;","listText":"<a href=\"https://laohu8.com/U/3577494759333904\">@JKGan</a><a href=\"https://laohu8.com/U/3576887048218286\">@EugeneLimYC</a>see&nbsp;","text":"@JKGan@EugeneLimYCsee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607210231","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607234404,"gmtCreate":1639543810322,"gmtModify":1639543813336,"author":{"id":"4091758936365950","authorId":"4091758936365950","name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4091758936365950","authorIdStr":"4091758936365950"},"htmlText":"Take profit&nbsp;","listText":"Take profit&nbsp;","text":"Take profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607234404","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6989002,"gmtCreate":1639547330206,"gmtModify":1639547330298,"authorId":4091758936365950,"author":{"id":4091758936365950,"idStr":"4091758936365950","authorId":4091758936365950,"name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607234404,"type":1,"supId":6988953,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"},{"id":6988953,"gmtCreate":1639546974750,"gmtModify":1639546974850,"authorId":3574928367638029,"author":{"id":3574928367638029,"idStr":"3574928367638029","authorId":3574928367638029,"name":"kenong62","avatar":"https://static.tigerbbs.com/37fd00bd8cea11b8aa1aed6d9ddd9413","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607234404,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":607234933,"gmtCreate":1639543729512,"gmtModify":1639543729582,"author":{"id":"4092895841700340","authorId":"4092895841700340","name":"zion1","avatar":"https://static.tigerbbs.com/aa753ec96f301750f1bd8ba55383a069","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4092895841700340","authorIdStr":"4092895841700340"},"htmlText":"It's all planned to make prices crash. Once at their low, they will buy back so that their&nbsp;wealth will not deplete. Clever move.","listText":"It's all planned to make prices crash. Once at their low, they will buy back so that their&nbsp;wealth will not deplete. Clever move.","text":"It's all planned to make prices crash. Once at their low, they will buy back so that their wealth will not deplete. Clever move.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607234933","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607235383,"gmtCreate":1639543589758,"gmtModify":1639543589905,"author":{"id":"3578973717832794","authorId":"3578973717832794","name":"RieslingHawk","avatar":"https://static.tigerbbs.com/a5390eacc9599c6447d4c42f983fcc76","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578973717832794","authorIdStr":"3578973717832794"},"htmlText":"Good indication that market is crashingsoon","listText":"Good indication that market is crashingsoon","text":"Good indication that market is crashingsoon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607235383","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607236459,"gmtCreate":1639543276463,"gmtModify":1639543276545,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.tigerbbs.com/6a9b10cc0efa832f7eed60057332c2ed","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4101948424484190","authorIdStr":"4101948424484190"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607236459","repostId":1150850336,"repostType":4,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607230641,"gmtCreate":1639542106403,"gmtModify":1639542106886,"author":{"id":"3580300192386766","authorId":"3580300192386766","name":"ParableTalen","avatar":"https://static.tigerbbs.com/94daa928259bc550d0ee26f23a953bb8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580300192386766","authorIdStr":"3580300192386766"},"htmlText":"December is red month if those wealthy sell it for tax purposes last minute.","listText":"December is red month if those wealthy sell it for tax purposes last minute.","text":"December is red month if those wealthy sell it for tax purposes last minute.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607230641","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607297120,"gmtCreate":1639541872771,"gmtModify":1639545806065,"author":{"id":"4099990080951910","authorId":"4099990080951910","name":"Cub88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099990080951910","authorIdStr":"4099990080951910"},"htmlText":"Good article.&nbsp;","listText":"Good article.&nbsp;","text":"Good article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607297120","repostId":1150850336,"repostType":2,"repost":{"id":"1150850336","pubTimestamp":1639535034,"share":"https://www.laohu8.com/m/news/1150850336?lang=&edition=full","pubTime":"2021-12-15 10:23","market":"us","language":"en","title":"Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1150850336","media":"Bloomberg","summary":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their f","content":"<ul>\n <li>Richest Americans have sold $42.9 billion of stock this year</li>\n <li>Google founders Brin, Page make their first sales since 2017</li>\n</ul>\nMark Zuckerberg&nbsp;sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the&nbsp;Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\n<img src=\"https://static.tigerbbs.com/3385f88e66ccdd038a5c42b99934a33e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\">Mark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including&nbsp;Sergey Brin&nbsp;and&nbsp;Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has&nbsp;unloaded&nbsp;about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he&nbsp;tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\n<img src=\"https://static.tigerbbs.com/d0db0fc47fb90ec02ecba7c32a2c9e68\" tg-width=\"955\" tg-height=\"499\" referrerpolicy=\"no-referrer\">Source: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed&nbsp;canny awareness&nbsp;of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&amp;P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n<img src=\"https://static.tigerbbs.com/721eba0c0fb13842fb62f4619cf02991\" tg-width=\"952\" tg-height=\"539\" referrerpolicy=\"no-referrer\">\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO&nbsp;Jensen Huang&nbsp;sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders --&nbsp;Joseph Gebbia&nbsp;and&nbsp;Nathan Blecharczyk&nbsp;-- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO&nbsp;Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a&nbsp;promise&nbsp;to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mark Zuckerberg Sells Stock Every Day as Billionaires Cash Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg Sells Stock Every Day as Billionaires Cash Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-15 10:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nRichest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this ...\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-14/musk-bezos-lead-the-charge-of-u-s-billionaires-selling-shares","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150850336","content_text":"Richest Americans have sold $42.9 billion of stock this year\nGoogle founders Brin, Page make their first sales since 2017\n\nMark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year. The founders of Google began to unload shares in May, which is also when two of the three Airbnb Inc. co-founders started diversifying their stakes.\nThe transactions are part of a surge of selling by the very richest Americans. They unloaded $42.9 billion in stock through the start of December, more than double the $20.2 billion they sold in all of 2020, according to an analysis of transactions by U.S. billionaires on the Bloomberg Billionaires Index, a daily ranking of the world’s richest 500 people.\nThe super-wealthy often hold onto shares in the companies that made their fortunes, because realizing gains triggers a tax bill. But many rich Americans are deciding to unload shares now, while stock valuations are at records and before their taxes potentially rise at the start of 2022.\nMark Zuckerberg Photographer: Michael Nagle/Bloomberg\n“A lot of our clients are selling,” said Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area. Founders and venture capitalists are deciding they want to diversify concentrated positions, or “they’re looking at the market and saying, ‘We’re at the top of the market.’”\nPlus, biting the tax bullet in 2021 may mean avoiding rate hikes in future years, she said.\nSeveral of the world’s richest people have been selling core holdings after years of hibernation, including Sergey Brin and Larry Page, the reclusive co-founders of Google. So far this year, Page has sold around $1.8 billion in stock of Google parent Alphabet Inc. and Brin around $1.7 billion. It was the first time either had sold shares since 2017.\n‘Unrealized Gains’\nElon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016. The selling streak was unleashed after the billionaire, who has a personal fortune of $253.6 billion, asked in a Twitter poll last month whether he should divest 10% of his shares in the electric-auto maker.\n“Much is made lately of unrealized gains being a means of tax avoidance,” he tweeted, promising to abide by the poll’s results.\nMichael Dell, founder and chief executive officer of Dell Technologies Inc., hadn’t sold shares of his company in at least two years, or since it returned to public markets in 2018. So far this year, he’s disposed of about $500 million.\nSource: Bloomberg data\nWhether avoiding taxes was their goal or not, selling in 2021 could help these billionaires save billions of dollars. Even as Musk framed his sales as tied to the outcome of a Twitter poll, some of the sale was pre-planned and displayed canny awareness of tax liabilities, both at the federal and state level.\nWhile Democrats have dropped several ideas to hike taxes on the top 0.1% to pay for President Joe Biden’s economic agenda, the bill that passed the House of Representatives last month included a millionaire’s surtax, a 5% levy on incomes over $10 million and an additional 3% tax on those above $25 million.\nThe surtax, which is projected by the Joint Committee on Taxation to raise $228 billion over the next decade, applies to a broader definition of income, including capital gains, making it harder to avoid through deductions. It wouldn’t go into effect until 2022, however, giving the super-wealthy an opportunity to sell now and over the next couple weeks, saving as much as 8% on taxes.\nEasy Decision\n“It’s not an exodus from the market,” Seiler’s Sevilla said. Instead, planners are sitting down with wealthy tech clients and gauging the impact of the surtax and other tax proposals, then calculating how much investments would need to rise to justify holding onto them. “If they know they cannot exceed that, the decision is easy,” Sevilla said.\nThe 167 Americans on the Bloomberg index are worth about $3.6 trillion, up 47% since the beginning of last year. Their wealth gains have been driven by a rapid run-up in stock valuations during that period, with the S&P 500 Index up about 45% and the tech-heavy Nasdaq Composite Index gaining 75%.\n\nThe top billionaires’ stock sales have soared faster than their wealth. In 2019, the richest Americans sold just $6.6 billion of stock, a similar amount as in previous years.\nThe selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.\nMeanwhile, stock valuations were surging last year, particularly in tech stocks benefiting from trends unleashed by the pandemic.\nNvidia Corp. co-founder and CEO Jensen Huang sold shares in the chipmaker in July 2020 as it was hitting new highs, his first sales in almost three years. The stock price has nearly tripled since then, and Huang’s sales have accelerated as well. He’s sold $426 million so far this year, on top of $168 million in 2020.\nAnother factor driving sales is a wave of initial public offerings, which made it possible for founders of successful startups to diversify their fortunes for the first time.\nTwo of Airbnb Inc.’s three cofounders -- Joseph Gebbia and Nathan Blecharczyk -- have together sold more than $1 billion worth of stock since the vacation-rental company went public in December of last year. Another co-founder, CEO Brian Chesky, hasn’t sold any shares this year, according to filings.\nEven as U.S. billionaires sell more, their stock purchases are stagnant. Americans on the Bloomberg index bought $543 million of shares on the open market through Dec. 3, an increase from last year but less than half their purchases in 2018. The analysis doesn’t take into account other ways billionaires acquire shares, such as stock grants or option awards that are part of compensation packages.\nPersonal Reasons\nThe richest Americans could have a variety of personal reasons for selling now, including funding charitable endeavors.\nJeff Bezos, the world’s second-richest person, has sold more than $9 billion in Amazon.com Inc. this year, money that he could use to deliver on recent grants and pledges to fight climate change through his Bezos Earth Fund.\nZuckerberg is liquidating more Meta stock -- formerly known as Facebook -- than he has in years, largely to send to his Chan-Zuckerberg Initiative. He’s sold $4.5 billion this year, nearly eight times more than he sold in 2020. Six years ago he and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetimes.\nJack Dorsey, the founder of Twitter Inc., has sold nearly $500 million in stock this year of another company he founded, Block Inc. Last year he announced a promise to donate a large stake in the company, formerly known as Square, to Covid-19 relief. (The billionaire has mostly not touched his Twitter shares, which comprises less than 10% of his $10.4 billion net worth, according to the Bloomberg index.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":179,"commentSize":28,"repostSize":0,"favoriteSize":5,"likeStatus":false,"favoriteStatus":false}}