Before President Donald Trump’s tariff pronouncements rocked markets, insiders including Mark Zuckerberg of Meta Platforms Inc., Safra Catz of Oracle Corp., and Jamie Dimon of JPMorgan Chase & Co. sold out shares worth billions of dollars.
The Washington Service, which monitors insider buying and selling, revealed that Zuckerberg sold 1.1 million shares worth $733 million in the first quarter through his Chan Zuckerberg Initiative and its affiliated foundation. In January and February, when Meta’s stock was still trading above $600 and reached a peak of almost $736 on Valentine’s Day, all of the sales took place. Since then, the share price of the social media business has dropped by 32% as a result of the general market selloff.
Before the IT giant’s price dropped more than 30%, Catz, the CEO of Oracle, sold 3.8 million shares for $705 million, making him another top seller. According to the Bloomberg Billionaires Index, which is estimating her net worth for the first time, those profits, along with her residual share and investment portfolio, give her a fortune of $2.4 billion. During the quarter, Dimon, the CEO of the biggest bank in the United States, sold almost $234 million worth of shares. Based on Bloomberg’s wealth index, he is worth $3 billion.
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