Zuckerberg Sold $280M Worth Of Facebook Stock In The Past Month
  • Download Apps
25k+
close Image

Zuckerberg sold $280M worth of Facebook stock in the past month

A
by Amelia Scott — 4 years ago in Business Ideas 2 min. read
2886

Facebook‘s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the last month — his first sales of the year.

Zuckerberg began devoting shares on November 9, and he is currently generating almost $12.10 million daily on average by promoting his FB stock.

The sales come in the tail end of a relatively average year for Facebook inventory. The social networking giant’s share price has increased 37 percent in 2020, although the tech-heavy NASDAQ 100 index jumped 40 percent.

Zuckerberg netted between $267 and $287 per share, together with all sales made based on pre-set trading strategies lodged with the US Securities and Exchange Commission.

Facebook’s stock price at the time of writing is $287.52.
Also read: Top 5 Automation Tools to Streamline Workflows for Busy IT Teams

As Facebook’s top shareholder, Zuckerberg’s wealth is tied its stock

For us, a quarter of a billion dollars in 1 month is life-changing. However, to Facebook’s boy-wonder, it is only the tip of this… Zuckerberg.

fb stocks

Source: TNW

Zuckerberg’s net value is a huge $109 billion, based on Bloomberg, which makes him the fourth wealthiest man in the world behind Microsoft’s Bill Gates, Tesla’s Elon Musk, and Amazon’s Jeff Bezos.

Business Insider estimated Zuckerberg has increased his net worth by $9 billion annually since the firm went public at 2012, during that time Facebook inventory has returned over 580 percent.
Also read: Top 10 Business Intelligence Tools of 2021

Zuckerberg has offered $12.72 billion value of Facebook inventory in those eight decades, together with his whopping $2.3 billion market place at December 2013 still his biggest to date. Facebook’s share price climbed that year.

At the moment, Reuters noted Zuck wanted all that money to pay a hefty tax bill. I am currently taking bets through Twitter concerning that which Zuck will spend his money this moment.

A
Amelia Scott

Amelia is a content manager of The Next Tech. She also includes the characteristics of her log in a fun way so readers will know what to expect from her work.

Top 10 News

view all
Follow us on

Categories

Related Posts

img

Business Ideas

Small Money Making Business Ideas: How To Build A Beauty-Bas...
By: Neeraj Gupta, Sat December 7, 2024

Analyze small, economical business considerations in the beauty sector, such as..

img

Business Ideas

Discover The Top 5 E-Commerce Frameworks For Web Development...
By: Neeraj Gupta, Sun November 24, 2024

Because your website reacts slowly, are customers abandoning their carts? On..

img

Business Ideas

ERP In Retail: A Detailed Look At Features And Benefits
By: Neeraj Gupta, Sat November 23, 2024

In the rapidly evolving retail landscape of Dubai, ERP is a benchmark. Software..

img

Business Ideas

Boosting Brand Visibility: Leveraging YouTube Shorts For Bus...
By: Neeraj Gupta, Sun October 13, 2024

YouTube Shorts are enhancing a more effective tool for businesses, like tattoo..

img

Business Ideas

7 B2B Social Media Trends You Can’t Ignore In 2024
By: Neeraj Gupta, Sat October 12, 2024

In this social media generation, B2B marketing has undergone an overall..

img

Business Ideas

Grow Business On YouTube: Simple Tips For Quick Success
By: Neeraj Gupta, Sun September 29, 2024

YouTube has evolved into a potent tool for expanding your business, not just..

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Copyright © 2018 – The Next Tech. All Rights Reserved.