Tuesday, 1 April 2014

Facebook's Zuckerberg Makes $3.3bn In One Year

Facebook founder Mark Zuckerberg made $3.3bn (£2bn) last year from the sale of stock options, it has been revealed.
The 29-year-old has now exhausted his supply of stock options as a result of Facebook's public offering, but still owns 426.3 million Facebook shares currently worth $25.7bn (£15.42bn).
His salary for 2013 fell to $1 (60p), in line with other technology figures such as Google's Larry Page.
Total compensation for the year was $653,165 (£391,840), which Facebook said was spent mainly on flights on private jets.
The figures emerged in the company's latest regulatory filings.
The documents showed Sheryl Sandberg, Facebook's second-most senior executive, has sold more than half her stake in the company.
However her stake is still worth around $1bn (£600m) and makes her one of the largest individual investors in the social networking company with a 0.5% stake.
Her compensation package fell to $16.2m (£9.7m) from $26.2m (£15.7m) in 2012.
Chief financial officer David Ebersman made $10.5m (£6.3m) in compensation, down from $17.5m (£10.5m) in 2012.
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