Facebook’s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the past month — his first sales of the year.
Zuckerberg began offloading shares on November 9, and he’s now generating nearly $12.10 million every day on average by selling his Facebook stock.
The sales come at the tail end of a comparatively average year for Facebook stock. The social media giant’s share price has risen 37% in 2020, while the tech-heavy NASDAQ 100 index jumped 40%.
Zuckerberg netted between $267 and $287 per share, with all sales made according to pre-set trading plans lodged with the US Securities and Exchange Commission.
Chart made with Flourish, SEC and Yahoo! data.
Facebook’s stock price at the time of writing is $287.52.
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To us, a quarter of a billion dollars in one month is life-changing. But to Facebook’s boy-wonder, it’s just the tip of the… Zuckerberg.
Chart made with Flourish, SEC and Yahoo! data.
Zuckerberg’s net worth is an enormous $109 billion, according to Bloomberg , making him the fourth richest person in the world behind Microsoft’s Bill Gates, Tesla’s Elon Musk, and Amazon’s Jeff Bezos.
Business Insider estimated Zuckerberg has grown his net worth by $9 billion per year since the company went public in 2012, during which time Facebook stock has returned over 580%.
Zuckerberg has sold $12.72 billion worth of Facebook stock in those eight years, with his whopping $2.3 billion sale in December 2013 still his largest to date. Facebook’s share price doubled that year.
At the time, Reuters noted Zuck needed all that cash to pay a hefty tax bill. I’m now taking bets via Twitter as to what Zuck will spend his cash on this time.
Story by
David Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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Mark Zuckerberg
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Elon Musk
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Money
Jeff Bezos
Published December 3, 2020 – 1:50 pm UTC
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