In the first half of 2023, the world’s 21 richest billionaires sold $9.3 billion worth of shares in US-traded companies. forbes. Successful stock sellers include Rob Walton, Joe Gebbia and Larry Ellison.
Forbes notes that after the bad 2022, many of the world’s richest people are once again “in the mood to sell”. They are actively getting rid of shares of companies they are no longer interested in. Some of the wealthiest entrepreneurs also plan to invest in buying sports teams, so they need substantial “free money”. To do this, they sell shares of their company. In addition, some businessmen sell shares through buyback by companies in order not to exceed the share they desire.
One of the biggest deals listed by Forbes is Rob Walton’s sale of retailer Walmart for $1.1 billion. Joe Gebbia sold Airbnb for $890 million and Larry Ellison sold $850 million of its founder, Oracle Corporation.
In April, Forbes reported a change in the ranking of the world’s richest billionaires, with Bernard Arnault, owner of Louis Vuitton and Dior, the new leader. The magazine estimates that almost half of the billionaires on the list got poorer in the last year. An example of such a decline in wealth is Elon Musk, who lost nearly $40 billion.
On June 29, it was reported that Russian billionaire Igor Makarov, founder and chairman of Areti energy company, renounced Russian citizenship in 2023. According to American Forbes, Makarov ranks 1368 among the richest people in the world, with a fortune of $2.2 billion, and ranks fifth among the richest people in Cyprus.
Former American journalist declarationThat Elon Musk periodically goes into “demon mode”.