Zuckerberg Likely Picks Up $4.8 Billion in Stock Options

I’ve always heard the phrase “The rich get richer” and Mark Zuckerberg must have heard it too, because he’s about to become even richer. With the impending IPO looming, The Big Z is exercising his option picking up 120 million shares of Facebook for pennies on the dollar.

According to the Chicago Tribune, the shares, once worth $7.2 million, priced at current secondary market rates, are worth roughly $4.8 billion.

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Maintaining control for the mandated IPO, IMO.

Ref the recent Wired article.

Gotta maintain control of the company in the face of a board of directors. Owning the lion's share of the stock is the only way to do it.

BB