So why are America's mega-rich including Jeff Bezos and Mark Zuckerberg off-loading billions of dollars in stock? Super wealthy are in a race to 'sell high' and invest cash away from the market amid volatile global geopolitics and election

The mystery of the billions of dollars worth of stock sold by some of the wealthiest in the world despite the market continuing at an all time high remains.

The tech bubble showed it was under extreme strain throughout 2023 with mass layoffs hitting Silicon Valley while President Joe Biden has promised a hike in taxes for the super rich should he win reelection in November.

As JPMorgan Chase CEO Jamie Dimon pointed out in a grim earnings statement in October: 'This may be the most dangerous time the world has seen in decades.'

At the tail end of last year, it was reported that wealthy investors kept less than 25 percent of their net assets in the stock market.

Investors sell off for a variety of reasons, tax season in the US is right around the corner, or some simply want to diversify.

(Jeff Bezos - seen here with fiancé Lauren Sanchez - unloaded $8.5billion in Amazon shares this month, sparking fears of economic uncertainty)

(Mark Zuckerberg - the world's fourth-richest man behind Bezos, Bernard Arnaut and Elon Musk - has sold roughly 1.4 million Meta shares worth roughly $638million since the end of 2023)

(Walmart 's Walton family sold $1.5billion in a week, bringing its total sale proceeds to $2.3billion since December. Alice Walton, the 73-year-old heir to retail dynasty, is seen here. Worth about $66.5billion, she is the richest woman in the US)

(Jamie Dimon, chairman and CEO of JPMorgan, shilled $150 million this past week - his first stock sale since taking the reins at the bank nearly two decades ago)

In February 2024, Amazon founder Jeff Bezos sold $8.5 billion worth of stock during a nine period.

In October, Dimon laid out a laundry list of major issues: the Russia-Ukraine War, the new war between Israel and the Palestinians in Gaza, high levels of government debt and deficits, high inflation, as well as the tight labor market, where worker demands for increased wages have led to high-profile strikes in manufacturing and entertainment.

It's unclear where exactly these billionaires will spend their money.

Zuckerberg's sell off will pay for his new compound on the Hawaiian island of Kauai said to cost nearly $300 million.

(Donald Trump, the current GOP frontrunner)

(Joe Biden, the likely Democratic candidate)

Ref: So why are America's mega-rich including Jeff Bezos and Mark Zuckerberg off-loading billions of dollars in stock? Super wealthy are in a race to 'sell high' and invest cash away from the market amid volatile global geopolitics and election (dailymail)

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