Facebook Founder Mark Zuckerberg To Make $20 Billion From IPO
According to TMZ reports:
Mark Zuckerberg just rang the NASDAQ bell … opening a trading day in which the 28-year-old is expected to make more than 20 BILLION DOLLARS.
In case you haven’t heard, the Facebook stock officially begins trading today — the largest Internet IPO in history.
Zuckerberg performed the bell-ringing via satellite … from the Facebook offices in Menlo Park, CA. Of course, he was wearing his signature hoodie and the kind of smile you’d have on your face if you were in his flip-flops.
The stock price debuted at $38 dollars per share, quickly rose to $42, and then began leveling off. According to CNBC, 82 million shares were traded in the first 30 seconds.
It’s not just Mark who’s set to rake in a fortune today — according to reports, more than 1,000 people will become overnight millionaires due to the initial public offering.
It’s a damn good day to be a Facebook employee!
Image via AP
Hit TMZ to read more about Money Makin’ Mark’s big day