America's Billionaires Are Cashing Out Their Stocks Like Never Before
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Think Elon Musk's Twitter polls where he asked the public if he should dump billions in stock were just the latest troll by the world's richest man? Think again.
America's billionaires have sold $42.9 billion in stock this year, more than doubling their $20.2 billion total in 2020, according to the Bloomberg Billionaires Index. Their rationale is clear and calculated, even as Musk has fun playing jester.
Source Fool.com
