Facebook Investors: Who's Making Mint Off Facebook IPO
On Wednesday, Facebook submitted its S-1 filing to the SEC in preparation for going public, which according to Business Insider is a move that will create over 1000 new millionaires. Here's a rundown of a few of the people who are getting rich off the hours you spend looking at pictures of your minor acquaintances.
According to S-1 documents, Facebook's co-founder and CEO, the 27-year-old Mark Zuckerberg, took home $1.49 million in total compensation in 2011. Zuck spent almost $800,000 on airplane travel for himself and his friends and family, and invested $90,850 into estate and financial planning, reports Mashable.
Among Facebook's many investors, Zuckerberg owns a the largest voting stake in the company at 28.2 percent (more than 533 million shares). Writes AllThingsD, "Facebook’s filing said he will sell some shares in the IPO, although it doesn’t specify how many. However, it noted that most of the proceeds from the sale will go toward paying taxes on his purchase of 120 million options of Class B common stock he also has." If Facebook is valued at $100 billion, Zuckerberg could reap as much as $28 billion after a successful IPO.
Sheryl Sandberg, Facebook's COO, was the most compensated employee in 2011. Sandberg took home $382,000 in salary and bonuses and $30.5 million in stock, bringing her total compensation for 2011 to just under $30.9 million. Even with almost 2 million shares, Sandberg owns less than one percent of the company, which would come to under $1 billion if Facebook is valued at $100 billion.
Facebook's first angel investor Peter Thiel, who invested $500,000 in 2004, owns over 44 million shares, which translates to a 2.5 percent stake in the company and may be worth $2.5 billion if the company IPOs at a valuation of $100 billion.
Facebook co-founder Dustin Moskovitz owns 7.6 percent of the company. In March 2011, Forbes named Moskovitz "world's youngest billionaire," a title he won by being eight days younger than Zuckerberg. At the time Moskovitz had a net worth of $2.7 billion. If Facebook's achieves a valuation of $100 billion when it starts trading publicly, Moskovitz's stake in the company could be worth $7.6 billion.
Venture capital in firm Accel Partners owns over 200 million shares (an 11 percent stake), which could yield $11 billion if Facebook's valuation reaches $100 billion.
Russian investment firm DST Global Limited, with 94 million shares worth a 5 percent stake, stands to make $5 billion off a potential $100 billion valuation. Goldman Sachs with 66 million Class A shares worth a little over 56 percent of those shares. Maryland-based investment firm T. Rowe Price Associates, Inc. with 12 million shares, worth 0.7 percent of equity.
Other Facebook employees who are making mint include Facebook CFO David Ebersman, a Brown University alum who started at Facebook in 2009, made $382,000 in salary and bonuses and $18.3 million in stock awards last year. Mike Schroepfer, Facebook's vice president of engineering, took home $24.4 million in stock and $334,000 in salary and bonuses. Netflix CEO and Facebook board member Reed Hastings, owns 20,000 restricted stock units.
Check out the slideshow (below) to see 9 huge risks that could threaten Facebook's success, as outlined in Facebook's S-1 filing. Read on to find out some of the coolest facts Facebook just revealed about its massive size.
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The Huffington Post Ramona Emerson First Posted: 02/ 1/2012 10:09 pm Updated: 02/ 1/2012 10:10 pm