Facebook‘s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the last month — his first sales of the year.
Zuckerberg began devoting shares on November 9, and he is currently generating almost $12.10 million daily on average by promoting his FB stock.
The sales come in the tail end of a relatively average year for Facebook inventory. The social networking giant’s share price has increased 37 percent in 2020, although the tech-heavy NASDAQ 100 index jumped 40 percent.
Zuckerberg netted between $267 and $287 per share, together with all sales made based on pre-set trading strategies lodged with the US Securities and Exchange Commission.
Facebook’s stock price at the time of writing is $287.52.
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As Facebook’s top shareholder, Zuckerberg’s wealth is tied its stock
For us, a quarter of a billion dollars in 1 month is life-changing. However, to Facebook’s boy-wonder, it is only the tip of this… Zuckerberg.
Source: TNW
Zuckerberg’s net value is a huge $109 billion, based on Bloomberg, which makes him the fourth wealthiest man in the world behind Microsoft’s Bill Gates, Tesla’s Elon Musk, and Amazon’s Jeff Bezos.
Business Insider estimated Zuckerberg has increased his net worth by $9 billion annually since the firm went public at 2012, during that time Facebook inventory has returned over 580 percent.
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Zuckerberg has offered $12.72 billion value of Facebook inventory in those eight decades, together with his whopping $2.3 billion market place at December 2013 still his biggest to date. Facebook’s share price climbed that year.
At the moment, Reuters noted Zuck wanted all that money to pay a hefty tax bill. I am currently taking bets through Twitter concerning that which Zuck will spend his money this moment.
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