After selling shares in JPMorgan, Jamie Dimon made $183 million.

Jamie Dimon's planned selling of one million shares in JPMorgan has brought in $183 million. Following a $150 million tranche in February, the CEO of JPMorgan sold stock for $33 million on Monday.

According to JPMorgan, Dimon used the proceeds from his first sales in 19 years to fund diversification and tax strategies. With the sale of one million shares of JPMorgan completed, Jamie Dimon has pocketed a total of $183 million.  

According to regulatory documents, the chief executive officer of the largest bank in the United States sold 178,000 shares for around $33 million on Monday. He had previously cashed out 822,000 shares on February 22 for $150 million.  

Late in October, JPMorgan informed the market of its CEO's plans to sell off assets, citing "financial diversification and tax-planning purposes." A large portion of the Dimon family's wealth was riding on JPMorgan, so they sought to diversify their holdings and free up some capital for potential tax payments.  

Many were taken aback by the revelation because Dimon had maintained his grip on JPMorgan since 2006 and had never sold a share. He is well-known for sharing Warren Buffett's belief that CEOs should be personally invested in the success or failure of their companies.  

Concerns that Dimon, Bezos, and Zuckerberg are cashing out at the top and expecting a sell-off have been sparked by their recent reductions in ownership in their individual companies. None of the three, however, have liquidated a sizable portion of their assets. After all of his sales, Dimon still has 8.7 million shares in his own ownership.  

Still, the multibillionaire banker has been sounding the alarm to investors time and again about the dangers that the markets and US economy face, including persistent inflation, recession, and international conflicts.  

This month, in his annual letter to shareholders, Dimon highlighted the following issues: the ongoing conflicts in the Middle East and Ukraine, the escalating tensions between the US and China, the dramatic rise in the cost of food and energy, and the consequences of higher borrowing rates on banks and heavily leveraged businesses in industries such as commercial real estate.  

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