The Valley Conference will be held in Sun Valley, Idaho, on July 8, 2021.
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Meta Platforms CEO Mark Zuckerberg sold a lot in the year 2021.
The seventh-richest person in the world, worth $117 billion as of Wednesday, sold shares of Facebook on nearly every business day last year for a total of nearly $4.6 billion before taxes, according to Forbes calculations. He didn't sell any shares in December. The majority of the proceeds went to the Chan Zuckerberg Initiative. Forbes estimates that the remaining sum was about $312 million after taxes. When Meta went public in 2012 it was owned by Facebook's Mark Zuckerberg, who reduced his stake from 28% to 14.6%.
It is not unusual for the sale of shares of Facebook last year to occur at a certain regularity. In the last four years, he has sold $17.4 billion worth of shares. The vast majority of those sales were made by CZI, as Mark and his wife, Priscilla Chan, move toward their promise to give away 99% of his Facebook shares during his lifetime. He parted with $4.7 billion in sales of Facebook in the year of 2021, second only to the $5.3 billion he and CZI sold in the year of 2018). In 2020, they sold less than $600 million of stock.
Many billionaires took advantage of the stock market's runup to sell their holdings. Jeff Bezos sold more than $8 billion worth of Amazon stock in the next two years. In May, Brin sold tens of millions of dollars worth of stock in his company. In November, Musk began exercising options and selling billions of dollars of stock in the company, claiming he would pay $11 billion in taxes. Forbes calculated the 20 biggest billionaire sellers of stock.
With the billions of dollars from Facebook founder and CEO Mark Zuckerberg, the limited liability corporation called CZI, based in California, funds scientific research, education initiatives and criminal justice reform efforts. The organization has given out over $3 billion in grants and invested $150 million into for-profit ventures. In order to cure all diseases, the CZI made a bet that it would spend $3 billion over a decade. The state of California was aided in its response to the Pandemic by the scientific efforts of the CZI.
The steady transactions have taken a break for now. He didn't sell any shares in December or January. The organization will focus on developing technologies to advance our biological understanding of the human body over the next decade, according to a letter published in December. This includes the creation of an institute for advanced medical research and a hub at Harvard University working on machine learning.
