Live Updates > Live Update Details
2026-05-28 21:34:21
[Global billionaires cash out, selling over $1 billion worth of stocks in recent weeks] (1) As the stock market hits new highs, the global super-rich have chosen to cash out and exit the market, selling over $1 billion worth of stocks in recent weeks. (2) Specific transactions include: the sale of approximately $750 million worth of Carrier Global shares by descendants of the Viessmann family in Germany; the sale of approximately $175 million worth of ISS shares by Danish tycoon Henrik Linde; and the sale of approximately 10% of the shares of Australian mining services company Mineral Resources by founder Chris Ellison, cashing out A$122.5 million (approximately $87 million), marking his first reduction in holdings in nearly a decade. (3) Despite geopolitical turmoil, global stock markets continue to surge, driven by the AI boom and corporate profit growth; several investment banks, including Goldman Sachs, are optimistic about further upside potential, but some investors are concerned about overvaluation.
