Mark Zuckerberg Raked in $3.3B Off Facebook Stock Options Last Year: Report

Image: Mark Zuckerberg Raked in $3.3B Off Facebook Stock Options Last Year: Report

Thursday, 03 Apr 2014 10:39 AM

By Nick Sanchez

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Facebook's regulatory filings reveal that CEO Mark Zuckerberg harvested $3.3 billion by exercising stock options last year, which some joked should make up for his $1 salary.

Slate reported that Zuckerberg reaped $2.3 billion off stock options in 2012, and that his total net worth places him as the 22nd richest person in the world according to The Bloomberg Billionaires Index.

Even though he's sold and given much of it away, Zuckerberg, 29, still owns 426.3 million Facebook shares, worth roughly $25.7 billion. Although it had a shaky IPO in mid-2012, the stock has more than doubled in the past year as Facebook successfully tackled the mobile and tablet landscapes.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

He and his wife, Priscilla Chan, have donated a lot of their money to charity over the last few years, and the Chronicle of Philanthropy even recognized them as the most generous donors of the year for their 18 million-share donation — valued at $1 billion — to the Silicon Valley Community Foundation.

The news of the windfall comes on the heels of several news stories about the founder and his company.

This week a judge threw out Paul Ceglia's lawsuit against Zuckerberg after determining that the 2003 contract that allegedly entitled Ceglia to half-ownership of Facebook had been doctored. Ceglia now awaits trial for criminal fraud charges, according to The Associated Press.

Facebook also acquired virtual reality company Oculus Rift for $2 billion last week. The company began as a Kickstarter project in 2012, and has since developed many prototypes and raised tens of millions of dollar in funding. It's currently building a set of goggles to immerse users in nearly any world they choose.

Zuckerberg also continues his efforts to connect the world to the Internet, writing on his Facebook Timeline last week that he and Facebook's Connectivity Lab plan on using "drones, satellites, and lasers to deliver Internet to everyone."

Editor's Note: ObamaCare Is Here. Are You Prepared?

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved