Tech billionaires sold $16bn in shares during 2025 rally

As technology stocks continued to hit record highs in 2025, top executives across the sector quietly converted a portion of their soaring paper wealth into cash.

According to an analysis by Bloomberg based on insider trading data, tech leaders sold more than $16 billion worth of shares during the year.

Leading the list was Jeff Bezos, who sold around 25 million Amazon shares worth roughly $5.7 billion in June and July. 

The sales took place around the same period as his high-profile wedding celebrations with Lauren Sanchez in Venice.

Former Oracle chief executive Safra Catz followed with stock sales totaling about $2.5 billion, while Michael Dell cashed out nearly $2.2 billion. 

Nvidia’s Jensen Huang also sold close to $1 billion worth of shares as the chipmaker became the world’s first company to reach a $5 trillion valuation.

Meanwhile, Arista Networks CEO Jayshree Ullal sold almost $1 billion in stock, benefiting from strong demand for high-speed networking equipment. Her personal net worth crossed $6 billion during the rally.

Most of these transactions were made through pre-arranged trading plans filed well in advance. 

Mark Zuckerberg sold $945 million through his foundation, while Palo Alto Networks CEO Nikesh Arora and Robinhood co-founder Baiju Bhatt each sold shares worth more than $700 million.

The common driver behind these sales was a powerful, AI-fueled rally that kept pushing technology stocks higher throughout 2025.