Friday, February 3, 2012

Facebook Is Making Some People Very, Very Rich - WOW!!

Facebook Is Making Some People Very, Very Rich
A graffiti artist who decorated the walls of Facebook’s headquarters seven years ago is set for a $200 million windfall when the social network makes its initial public offering. David Choe reportedly thought the social network was “ridiculous and pointless,” but nonetheless opted for stock over cash as payment when he was commissioned by Sean Parker, Facebook’s then-president. The decision will make Choe one of at least 1,000 of Facebook’s early employees and advisers who were rewarded in shares and are now set to cash in. Other beneficiaries from the IPO will include Peter Thiel, Facebook’s first outside investor and U2 singer Bono, who supposedly has a 1.5% stake in the company that could be worth $1.3 billion or more. Suffice it to say, Facebook’s IPO is going to make a handful of people very, very rich, starting with Mark Zuckerberg. Business Insider breaks it all down, based on a valuation of $87.5 billion – so these already astronomical numbers could wind up higher:

  • Zuckerberg, Facebook’s co-founder and CEO, owns 533,801,850 Class B shares (or 28.4% of the company) which are worth $24.9 billion by Business Insider’s calculations. He’s also got another $5.6 billion in Class A shares he can exercise.
  • Venture capital firm Accel Partners has 201,378,349 shares (11.4%) worth $9.98 billion.
  • Facebook co-founder Dustin Moskovitz owns 133,763,645 shares (7.6%) with an estimated value of $6.65 billion.
  • Digital Sky Technologies has 94,567,945 shares in Facebook (5.4%) valued at $4.73 billion, plus the investment firm also owns 36,711,928 Class A shares.
  • PayPal founder Peter Thiel controls 44,724,100 shares (2.5%) worth $2.19 billion.
  • Money manager T. Rowe Price owns 12,158,743 shares (0.64%) valued at $566.0 million.
  • Netscape co-founder Marc Andreesen has 3,571,431 shares (0.19%) worth $166.3 million.
  • Facebook CFO David Ebersman owns 2,174,999 shares (0.11%) valued at $101.3 million, as well as 7,469,424 unvested restricted stock units (RSUs).
  • Mike Schroepfer, Facebook’s vice president of engineering, controls 2,101,870 shares (0.11%) valued at $97.8 million, plus another 6,144,188 RSUs.
  • Facebook COO Sheryl Sandberg owns 1,899,986 shares (0.1%) valued at $88.4 million, 3.5 million unexercised options, and a whopping 39,321,041 RSUs that would make Sandberg a billionaire twice over if she can stick around to vest them.