Mark Zuckerberg’s virtual wealth is more than $18 billion in the form of shares

Mark Zuckerberg (Credit: AP)

Mark Zuckerberg, Founder and CEO of Facebook, has 29.3% of the Facebook shares accounting for about 632.7 million shares as shown by the SEC filing announced by Facebook.

Trading the shares at $28.50 (current value), Zuckerberg will get slightly more than $18 billion.

With the largest number of shares Zuckerberg has not only a good amount of personal wealth but also holds a good level of voting power.

At the time of IPO, Zuckerberg had 28.2% of shares. At the time of IPO, shares have the value of $38 per share. Even at the value of $38 per share, Zuckerberg was able to get $16.9 billion. In August, the share price fell to $19.69, the lowest price in the history of the company.

According to Romain Dillet of TechCrunch, Facebook shares have probably reached the stable price of about $30 as it was the price of the shares for the whole month of January and now it reached at $28.50.

Even with a huge amount of money in the form of shares, Zuckerberg announced in September that he wouldn’t sell the shares for the next 12 months in order to build confidence in the investors.

Source: TechCrunch

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