Facebook CEO Mark Zuckerberg made a whopping $3.3 billion gain in 2013. When Facebook went for IPO in 2012, Zuckerberg made $2.3 billion off from stock options. On Monday, regulatory documents were filed which hold Zuckerberg accountable for a huge amount of tax even though his salary from Facebook was $1.
Zuckerberg exercised 60 million stock options previous year at a price of 6 cents a share. Later he sold the total of 41.35 million shares at a price of $55.05 per share. As Zuckerberg made a significant gain, he would have to pay a huge tax bill.
When Facebook stocks were first offered to the public, the company underwent some trouble. But then the stock performed well. From ad sales, the company made good revenue.
Zuckerberg is quite famous for his charitable deeds. He and his wife donated 18 million shares of Facebook to a non-profit organization that is based in Silicon Valley. Each share was valued at around $55 and the total amount of donation was $1 billion.
Zuckerberg currently owns more than 426 million shares of Facebook. The net value of all the stocks he holds is $25 billion. Over the last year, the value of the stock held by Zuckerberg became more than double due to the reach of Facebook across handheld devices and resulting ad sales.
Zuckerberg’s earning from Facebook could be classified into some categories. As the CEO of Facebook, he receives a salary of $1 every year. But that is just a token sum. Zuckerberg received prerequisites that were valued at $653164. From the prerequisite amount, $3000 is deducted as it is used to pay the bill for Zuckerberg’s travel on private jets.
Other than these, Zuckerberg also receives compensation. In 2013, the total compensation dropped almost 67% from previous year’s total compensation of $2 million. The first stock sale made by Zuckerberg since Facebook IPO was in the last quarter of 2013. From the sale, he pocketed $1 billion.
Facebook’s chief source of income had been ad revenue. From the mid of 2012, the company took initiative to reach out to Smartphone and Tablet users. When Q4 earning of 2013 was analysed, it was found that more than 50% ad revenue came from mobile users. Very recently Facebook acquired the cross-platform mobile messaging app WhatsApp for a whopping $19 billion.
In all likelihood, the Facebook stock value would go up in future. Currently, the Facebook stock is traded at $61.19, up 1.58% from previous day’s closing.