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Saturday March 31, 2012

Zuckerberg Likely Picks Up $4.8 Billion in Stock Options

I’ve always heard the phrase "The rich get richer" and Mark Zuckerberg must have heard it too, because he’s about to become even richer. With the impending IPO looming, The Big Z is exercising his option picking up 120 million shares of Facebook for pennies on the dollar.

According to the Chicago Tribune, the shares, once worth $7.2 million, priced at current secondary market rates, are worth roughly $4.8 billion.

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