Zuckerberg, who is the world’s fifth richest person, has now winnowed his stake in Facebook to about 14%, down from 28% at the time of the company’s IPO. Since Facebook went public in May 2012, Zuckerberg and CZI have sold more than 132 million shares of the social media giant, worth nearly $15 billion in total.
What percentage of Facebook does Zuckerberg own?
The Facebook co-founder and CEO retains a roughly 13% stake in his company after the sales. In 2015, after the birth of his daughter, Zuckerberg pledged to give away 99% of his Facebook holdings to charity throughout his life.
Does Sean Parker still own part of Facebook?
Sean Parker got his start as a teenage hacker before cofounding Napster in 1999. He joined Facebook in its early days, becoming the founding president of the site at 24. Now, the 41-year-old billionaire funds philanthropic causes and donates to political candidates.
What is the ownership structure of Facebook?
Mark Zuckerberg owns the majority of the voting rights to Facebook due to a dual class structure that weights certain shares over others. Facebook’s Class B shares, controlled by Zuckerberg and a small group of insiders, has about 18 percent of the shares, but they also have 10 votes per share.