Ajit Jain Sells 55% of Berkshire Shares for $139M

Key details:

• Ajit Jain sold 55% of his Berkshire shares.Speculation suggests concerns over stock valuation.The sale coincides with Warren Buffett’s recent market maneuvers.

Ajit Jain, a longtime executive at Berkshire Hathaway, sold 55% of his stake in the company, totalling $139 million. Jain, who has been instrumental in building Berkshire’s insurance businesses, sold 200 Class A shares at an average price of $695,417 each.

Speculation surrounds the sale, with some suggesting Jain believes Berkshire stock is fully priced, especially following its 23% rise in 2023. Other factors, such as potential tax considerations, may have influenced the decision. Warren Buffett, who has praised Jain’s contributions, continues to make significant market moves, adding intrigue to the timing of Jain’s sale.