Billionaires, including Jeff Bezos, are selling shares in their companies amid inflation, interest rate, and economic concerns.
Billionaires are selling shares in their own companies and shifting investments. Inflation, interest rates, and economic concerns have caused an uptick in selling, including by CEOs like Jeff Bezos, who cashed out 50 million Amazon shares in February. While the super-rich's investment strategies can offer insight, their actions don't necessarily dictate personal portfolios.
May 12, 2024
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