Mark Zuckerberg one of the world’s richest, facebook highest valued companies in the U.S
After Facebook Inc. (FB)’s initial public offering of stock, the 27-year-old chief executive of Facebook will own 57.3 percent of the social network in a stake valued at more than $15 billion. Zuckerberg will immediately sell 30.2 million shares, with a projected value of about $1.05 billion. When Facebook executives and employees cash in shares, the state takes a 10% cut of the profits.
Facebook employees and investors are expected to cash-out to the overall tune of $5.5 billion by selling stock when the company begins trading on the Nasdaq in a debut slated for May 18. Among them are venture firm Accel Partners (which will make about $1.2 billion), early investor and PayPal co-founder Peter Thiel, Russian tycoon Yuri Milner’s DST, and investment bank Goldman Sachs.
Last year, Mark Zuckerberg made $483,000 in salary, took home a $220,500 bonus, and received additional perks like private jet travel valued at $783,000.
When it publicly offers its stock later this month, major holding onto their stakes are: Napster co-founder Sean Parker; Facebook co-founder Dustin Moskovitz; various Facebook executives; and venture capital firm Andreessen Horowitz.
- IPO potentially values Facebook at $79.3 billion, by far the biggest IPO in Silicon Valley history.
- Mark Zuckerberg remaining 504 million shares will make him worth $17.6 billion if Facebook hits the top of its IPO range, making him richer than Microsoft Corp.’s Steve Ballmer and Russian steel billionaire Vladimir Lisin.
- The world’s largest online social network has more than 900 million users worldwide.
- Zuckerberg will retain 58% of voting power, will own 31.5 per cent of Facebook’s outstanding stock after the IPO.
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