Billionaires are selling enormous stock blocks after surge

Stock sales are reaping a windfall for the world’s richest shareholders.

Corporate insiders including Amazon’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that has helped boost fortunes to the tune of trillions.

U.S. public company insiders offloaded shares worth $24.4 billion this year through the first week of May, with about half sold through trading plans, according to data compiled by Bloomberg. That’s almost as much as the $30 billion total they disposed of in the second half of last year.

Large shareholders frequently sell stock in planned intervals, often through prearranged trading

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