×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: mark zuckerberg | meta | stock | 190 million | disposal | donate | defund

Meta's Zuckerberg Sells $190M in Company Stock

By    |   Tuesday, 05 December 2023 10:18 AM EST

Meta CEO Mark Zuckerberg sold about $190 million worth of company stock in November, according to Securities and Exchange filings.

Business Insider noted that this was Zuckerberg's first disposal since 2021. And it came after Meta's stock surged by 166% this year, virtually erasing 2022's losses.

Meta, the parent company of Facebook, Instagram, and WhatsApp, benefited from investor excitement around Big Tech, sparked by artificial intelligence.

With a net worth of $118 billion, Zuckerberg is currently rated No. 9 on Bloomberg's Billionaire Index.

More than 500,000 shares were sold by Zuckerberg and his trust, along with the entities he uses to make charitable and political donations, Business Insider said, attributing the information to the SEC filings.

The news outlet noted that Zuckerberg, along with his wife, Priscilla Chan, have pledged to donate 99% of their Meta shares to good causes during their lifetimes.

Zuckerberg signed the Giving Pledge, a philanthropic commitment led by Warren Buffett and Bill Gates, in 2010.

Meanwhile, Facebook spent $43.4 million on Zuckerberg's private security in just three years, but that reportedly came as the family's foundation was pumping millions into activist groups to support the defunding of police, according to a July report by the New York Post.

Chan Zuckerberg Initiative donated at least $5.5 million to liberal activist organizations tied to defunding, if not abolishment, of police, the Post said.

Jeffrey Rodack

Jeffrey Rodack, who has nearly a half century in news as a senior editor and city editor for national and local publications, has covered politics for Newsmax for nearly seven years.

© 2024 Newsmax. All rights reserved.


Newsfront
Meta CEO Mark Zuckerberg sold about $190 million worth of company stock in November, according to Securities and Exchange filings.
mark zuckerberg, meta, stock, 190 million, disposal, donate, defund, police, liberal, activists
227
2023-18-05
Tuesday, 05 December 2023 10:18 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved