Jamie Dimon to Sell $141 Million in JPMorgan Stock for Diversification and Tax Planning

Jamie Dimon, CEO of JPMorgan Chase, will sell 1 million of his 8.6 million shares in the company in 2024.

The sale is for "financial diversification and tax-planning purposes" and will give Dimon $141 million.

Dimon has been CEO since 2005 and chairman since 2006. His remaining stake will still be significant.

Dimon has an estimated net worth of $1.7 billion. JPMorgan Chase has a market cap of $394 billion.

The sale is not related to leadership succession, per a company spokesperson. Dimon believes JPMorgan's prospects are very strong.