Thursday, February 02, 2012

Facebook IPO May Make Graffiti Artist, David Choe, A Cool $200 Million

When graffiti artist David Choe was asked to paint the walls of facebook offices in Palo Alto, California, in 2005, as desired by the founders, he took Facebook Inc. stock instead of a few thousand dollars of cash for the job.
As New York Times reports, Choe's Facebook stake may be worth about $200 million, based on a market value of $100 billion. I hope Choe, kept his shares.

In addition to countless millionaires, facebook IPO will create a bunch of billionaires as well. Mr. Zuckerberg, has 533.8 million shares, and is worth $28.4 billion in the same base valuation. He owns 28.4% of the company and 57% of voting rights.

Peter Thiel, Facebook's first outside investor will collect about $2 billion for his $500,000 investment. U2's front mas, Bono also invested about $120 million in the facebook and stand to gain lot more than he invested.

Even there are some unwelcome rich people, like "Tyler and Cameron Winklevoss, the Olympic-rowing pair, Harvard graduates and former business partners of Mr. Zuckerberg, own about 1.2 million shares as part of their settlement with the company and their former classmate, who they claim essentially stole their idea for Facebook. " According to NYT.