Although Facebook Co-Founder and CEO Mark Zuckerberg is still the second-youngest billionaire in the world (to fellow Co-Founder Dustin Moskovitz), he plummeted on Forbes‘ list of the richest people in the world. Zuckerberg went from No. 35 in 2012 to No. 66 this year, according to figures released by Forbes Monday.
Since Facebook went public earlier this year, it’s been a rough time for Co-Founder and CEO Mark Zuckerberg’s bank account. As his net worth has declined, Zuckerberg has fallen from 14th to 36th on Forbes‘ list of the wealthiest Americans. But don’t shed too many tears: He’s still worth $9.4 billion.
Early major investor Peter Thiel has dumped much of his Facebook stock, as have Co-Founder Dustin Moskovitz, Accel Partners, and Microsoft. Co-Founder and CEO Mark Zuckerberg has the ability to unload some of his roughly 500 million shares in October, but according to recent Securities and Exchange Commission filings, he won’t do that for at least 12 months.
With Facebook’s share price sputtering, much attention has been paid to sales of the social network’s shares by insiders including Director Peter Thiel (pictured) and Co-Founder Dustin Moskovitz. Now, more details have emerged about their respective activities and plans.
The great Facebook stock sale frenzy continues on with a report that Co-Founder Dustin Moskovitz unloaded 450,000 shares in the social network over the past three trading days, adding nearly $9 million to his coffers.
Facebook Co-Founder Dustin Moskovitz founded workplace collaboration company Asana in 2009, but the Silicon Valley startup is in the news again, having received a sizable payment from PayPal and others.
Facebook Co-Founder Eduardo Saverin has been in the news quite a bit of late, mostly for his decision to renounce his U.S. citizenship, which was made public just days before the social network’s initial public offering. Now a citizen of Singapore but born in Brazil, Saverin turned to Brazilian newsmagazine Veja for a lengthy interview in which he addressed the citizenship issue, as well as other often-told stories about his parting from Facebook.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.