Mark Zuckerberg has copied Steve Jobs, by reducing his salary from $500,000 in 2011, to just $1. Zuckerberg has in the past taken advise from Steve Jobs and considered his success an inspirational goal to achieve. Electronista reported “Like Jobs, most of Zuckerberg’s value will come from his stake in the company. At 28.4 percent ownership, the executive is estimated to be worth about $25 billion.”
Facebook is going from strength to strength, generating 85 percent of their $3.7 billion in 2011 revenue through ads and other 12 percent via games such as FarmVille.
Facebook filed papers yesterday to raise $5 billion in a public stock sale, that could hit in May. This could be even bigger than Google’s in 2004. Experts say that the company could be valued between $75 billion and $100 billion.
The LA Times added “The regulatory filing with the U.S. Securities and Exchange Commission also unveiled the collective wealth that could be bestowed on the founder and many of his employees. The IPO could be a bonanza for Mark Zuckerberg, the 27-year-old founder, who owns 28.2% of the company and is its single largest shareholder. His stake could be worth as much as $28 billion, earning him the ninth spot on Forbes’ list of richest Americans and putting him in the same league as Microsoft Corp.’s Bill Gates and Oracle Corp.’s Larry Ellison.”
Facebook attracts 845 million people, who share intimate details on their private lives with others. It shows no signs of slowing down either. Joe Magyer and advisor and senior analyst said “Facebook is a tremendous business with a lot of growth ahead of it. But it’s going to have to do amazing things for a long time to justify the kind of price it is going public at. It’s going to be very difficult for Facebook to live up to the hype.”
Kitguru says: $28 billion. How to spend it all?