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.
What is the reason behind the sale of this stock ..? Not only Elon Musk and Jeff Bezos, but many others, including Microsoft's satya Nadella, have sold their corporate shares.
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.
Elon MuskBased on this, Elon Musk sold tesla shares in several divisions. In 2021 alone, it has sold about $ 9.9 billion worth of shares. This has created a huge amount of circulation for tesla investors.

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.
Microsoft satya NadellaSatya Nadella, CEO of microsoft, sold about 50 per cent of his microsoft stake between november 22 and 24. Through this, satya Nadella has sold 8,39,000 shares for an average of $ 342, raising a total of $ 287 million.

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 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.

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Elon Musk Jeff Bezos

D N INDUJAA

04/12/2021 11:29 PM