Elon Musk Vs Jeff Bezos: $ 20 billion worth of shares sold in one year ..!
Elon Musk and Jeff Bezos, the world's richest men, have sold about $ 20 billion worth of shares in a single year. This has created huge cash flow in the US stock market.
Tesla Elon Musk
Elon Musk, chairman of tesla, the world's largest electric vehicle manufacturer and retailer, has decided to sell 10 per cent of his total tesla stake to pay taxes and make new investments.
Amazon Jeff Bezos
Similarly, Jeff Bezos, the founder of Amazon, has sold about $ 10 billion worth of shares in small amounts and invested in several new companies and other businesses.
Walmart, Alphabet, Facebook
Satya Nadella has been followed by Walmart's Walton family for $ 6.2 billion, google co-founders larry page and Sergey Brin for $ 1.5 billion each, and data-facebook founder Mark Zuckerberg's $ 4.5 billion for meta shares.
Washington State Government
The state of Washington is set to impose a long-term capital gains tax of about 7 per cent on january 1, 2022, when selling shares valued at more than $ 250,000 in the United States. This applies to all companies and investors headquartered in Washington, DC.
Tax impact
If you want to sell new fundraising shares due to this tax, you have to pay extra tax on the sale after january 1st. So everyone has sold the shares in advance and raised the investment. This has been followed by many company leaders who have created a lot of trading in the US stock market.