Salesforce’s Benioff Cashing Out at Rate of $3 Million a Day
- Billionaire CEO records hundreds of stock transactions a year
- Cash now makes up about a third of his $9.3 billion fortune
This article is for subscribers only.
Marc Benioff’s cash pile grows a bit every day, thanks to a unique selling strategy unlike any other billionaire tracked by the Bloomberg Billionaires Index.
Since July, the Salesforce Inc. co-founder has been selling 15,000 shares of the software company’s stock — about $3 million worth — almost daily. Including a smaller selling streak earlier in the year, Benioff has unloaded more than $475 million worth of shares in 170 or so transactions.