Tech billionaires cashed out $16 billion in 2025 as stocks soared

As tech stocks surged to record highs in 2025, the executives leading those companies were also cashing in—selling more than $16 billion worth of shares, according to an analysis of insider trading data by Bloomberg.

Jeff Bezos topped the list. The Amazon founder sold roughly 25 million shares for $5.7 billion in June and July, around the same time he married Lauren Sanchez in Venice. He was followed by Oracle’s former CEO Safra Catz, who sold about $2.5 billion in stock, and Michael Dell, who cashed out $2.2 billion.

At Nvidia, CEO Jensen Huang saw the company become the world’s first $5 trillion business, and the company sold approximately $1 billion in shares during the run-up. Jayshree Ullal, chief executive of Arista Networks, also sold nearly $1 billion in stock as demand for high-speed networking equipment surged, and her personal net worth exceeded $6 billion.

Most of the stock sales were executed through pre-arranged trading plans filed in advance, rather than being made spontaneously. Mark Zuckerberg sold $945 million worth of shares through his foundation, while Nikesh Arora and Baiju Bhatt each sold more than $700 million in stock.

The standard driver behind the wave of selling was an AI-fueled rally that continued to push technology stocks higher throughout the year, turning massive paper wealth into real cash for many of the industry’s most prominent leaders.