Mark Zuckerberg may be a very wealthy man, but the pricing of the Facebook IPO overnight makes it clear the sale of share in his company's initial public offering will make him a very, very, very wealthy man.
The social network founder and nemesis of Winklevii everywhere, will make Zuck £523 million, or $846 million.
Facebook announced its IPO pricing overnight, saying it will sell 337.4 million shares at $28 to $35.
The company’s filings with the SEC say that Zuckerberg will be sell 30.2 million of his personal shares, bringing his profit to approximately $846 million based on the stated figure.
The sale will make him richer than Microsoft's Steve Ballmer and Vladimir Lisin, the Russian steel billionaire, according to Bloomberg.
CEO Mark Zuckerberg, who will turn 28 this month, is currently worth $17.6 billion, according to Bloomberg's tech billionaires list.
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