Mark Zuckerberg – 28.4% – $28.4 Billion
- Zeerikonline
- Apr 8, 2020
- 2 min read
Everyone knows who Mark Zuckerberg is, he’s famous as the owner, founder and CEO of Facebook, and made even more famous when the movie ‘The Social Network’ was released, which tells the tales of the turbulent early days of Facebook. His wealth has grown year after year, and with the new IPO released, which you can read in full here, it’s revealed that he currently owns 28.4% of Facebook, which if current estimates are correct, is going to be work $28.4 Billion. With their best year yet at Facebook, revealing a $1 Billion profit on $3.7 Billion revenue, it’s no wonder that Mark’s worth has gone up.
Here’s another little interesting fact about Facebook. In 2011, Zynga, the owner of social games such as FarmVille, was responsible for roughly 12% of Facebook’s earnings. And that’s massive. Here’s a quote from Facebook’s IPO offering:
“We currently generate significant revenue as a result of our relationship with Zynga, and, if we are unable to successfully maintain this relationship, our financial results could be harmed.
In 2011, Zynga accounted for approximately 12% of our revenue, which amount was comprised of revenue derived from payments processing fees related to Zynga’s sales of virtual goods and from direct advertising purchased by Zynga. Additionally, Zynga’s apps generate a significant number of pages on which we display ads from other advertisers. If the use of Zynga games on our Platform declines, if Zynga launches games on or migrates games to competing platforms, or if we fail to maintain good relations with Zynga, we may lose Zynga as a significant Platform developer and our financial results may be adversely affected.”
That means that Zynga users spent $308M on Facebook last year alone, which is absolutely ridiculous when you consider what they sell.
With Mark’s Facebook money, you could buy…
558 Gulfstream G550 private jets, at $50M each.
Antilla, the world’s most expensive home, 28 times.
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