May 18 - Mark Zuckerberg Now Richer Than Google Founders

Facebook Inc. (FB)'s $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth.

Facebook, the world's most popular social networking company, sold 421.2 million shares for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him wealthier than Google Inc. (GOOG) co- founders Sergey Brin and Larry Page, according to the Bloomberg Billionaires Index.

"Zuckerberg doesn't think about his wealth," David Kirkpatrick, author of "The Facebook Effect," a history of the company, said in an May 17. "This is a huge success for everybody. There's no way it can be seen otherwise."

Facebook's chief executive officer started the Menlo Park, California-based company for Harvard University classmates as a 19-year-old in his dorm room. It now has more than 900 million monthly users and generated $3.7 billion in revenue in 2011.

Zuckerberg sold 30.2 million shares for $1.15 billion during the offering. Most of the proceeds will be used to pay the taxes[..]ociated with exercising 60 million stock options.

Facebook's $104.2 billion valuation crystallizes the fortunes of the company's three other co-founders. Dustin Moskovitz, 27, who roomed with Zuckerberg at Harvard, is now worth $5.1 billion. He owns 133.7 million shares of the company's Class B stock, and will sell 7.5 million shares if the underwriters exercise their option to buy additional stock.

^ Bono invested 90 million a few years back walked away with well over a billion when they went public.

!!, they hired someone to do a painting or graffiti art for their office, offered him money or stock, he chose stock, and he's got $20 million now.

!! is ridiculous.

actually the guy who did the art in there hq is worth 126m as of today

^ Bono invested 90 million a few years back walked away with well over a billion when they went public.

!!, they hired someone to do a painting or graffiti art for their office, offered him money or stock, he chose stock, and he's got $20 million now.

!! is ridiculous.

Well he lives modest his still rocking that acura [pic] good for this man [pic]

Well he lives modest his still rocking that acura [pic] good for this man [pic]

Thats ignorant. It's always broke people living too lavish, or beyond super rich people living like a regular person.

Ppl who save like they are going broke tmr are just as bad as the ppl who blow all their money.

lol @ these imaginary #'s.

It's a joke to say a man has X amount of money if so much is tied to stock. If Facebook stock goes down $10, its like he lost billions in a a week.

Show me a chart of who has the most money, actual cash. not how much their house is worth, website is worth, or cars are worth. just money.

When you got that much money, !! like that doesn't even matter anymore.

Thats ignorant. It's always broke people living too lavish, or beyond super rich people living like a regular person.

Ppl who save like they are going broke tmr are just as bad as the ppl who blow all their money.