European billionaires sell $1 billion in stocks amid strong market performance

Billionaires in Europe's ultra-wealthy class have recently liquidated shares worth about $1 billion (approximately 1.35 trillion won). Analysts suggest that it is unusual for them to realize revenue while the European stock market is outperforming global markets. Bloomberg reported on the 10th (local time) that Martin Lorenzon, co-founder of Spotify,…