Social network founder more than twice as rich as media mogul Rupert Murdoch, $3bn more than Microsoft CEO
Facebook’s upcoming IPO later this month could make founder Mark Zuckerberg worth more than $18.7 billion.
The social networking giant is valued in its IPO filing between $77 and $96 billion, which dwarfs the $23 billion valueation of Google's IPO in 2004.
The company is planning to raise up to $13.6 billion from stock, and will be priced between $28 and $35 per share.
As reported by The Wall Street Journal, Zuckerberg, who owns 533.8 million Class B shares, would be worth $18.7 billion if Facebook’s public sharing hits its top estimate. This would also make him more than $1 billion richer than the current estimate of $17.5bn.
This would make the Facebook founder twice as rich as media mogul Rupert Murdoch, and worth $3 billion more than Microsoft CEO Steve Ballmer, as estimated by the Forbes 400.