Zuckerberg sold $280M worth of Facebook stock in the past month
Mark Zuckerberg is selling more than $12M worth of Facebook stock every day
As Facebook’s top shareholder, Zuckerberg’s wealth is tied to its stock
To us, a quarter of a billion dollars in one month is life-changing. But to Facebook’s boy-wonder, it’s just the tip of the… Zuckerberg.
Zuckerberg’s net worth is an enormous $109 billion,according to Bloomberg, making him the fourth richest person in the world behind Microsoft’s Bill Gates, Tesla’s Elon Musk, and Amazon’s Jeff Bezos.
Business Insider estimatedZuckerberg has grown his net worth by $9 billion per year since the company went public in 2012, during which time Facebook stock has returned over 580%.
Zuckerberg has sold $12.72 billion worth of Facebook stock in those eight years, with his whopping $2.3 billion sale in December 2013 still his largest to date. Facebook’s share price doubled that year.
At the time,Reuters notedZuck needed all that cash to pay a hefty tax bill. I’m nowtaking bets via Twitteras to what Zuck will spend his cash on this time.
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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