The much-awaited public listing of the global social media network Facebook is expected to pump-up the company’s worth that may just get its founder into the world’s top ten richest.
Mark Zuckerberg, 27, founder and CEO of the world’s leading and fastest growing social media network is poised to become a certified paper billionaire, with his stakes worth topping $24 billion once the company goes public.
The IPO paperwork it filed Wednesday, Facebook reported that Zuckerberg owns more than 25 percent of the company, with about 534 million shares.
With its internal valuation places the current value at $29.73 per share, the company’s founder and CEO’s stake could already be worth $16 billion, which by Forbes’ calculation, puts him in the list of 50 richest people on the planet,.
Analysts have placed the current market value of Facebook at $85 billion or more.
Aside from Zuckerberg, others who are poised to make bucketloads on Facebook include Accel Partners, the first major venture capitalist to fund Facebook, with 11% of the company.
With an investment of $12.7 million in 2005, the Accel Partners now has a stake worth roughly $6 billion, based on Facebook’s latest valuation.
Co-founder Dustin Moskovitz also owns the third-highest number of Facebook shares at 134 million. His 8% stake in the company is worth roughly $4 billion.
Others are Russian venture capital group DST Global’s 131 million shares at 5% stake worth roughly $3.9 billion, investor Peter Thiel, who put up $500,000 to get Facebook through its first summer of operations, now owns a 2.5% stake worth $1.3 billion.
Facebook IPO could put Zuckerberg to Forbes’ top 10 list
By Jon Mills
886 views
