Mark Zuckerberg has not sold his Facebook shares for almost a year, but since November 9, 2020, he does so almost every weekday. Forbes reports this with reference to the documents of the US Securities and Exchange Commission (SEC).
Over the past eight months, Mr. Zuckerberg sold 9.4 million shares, earning about $ 2.8 billion for them. True, the lion’s share (about 90%) of this amount went to the charity fund of Mark Zuckerberg and his wife Priscilla Chan Chan Zuckerberg Initiative. According to the newspaper’s estimates, after paying taxes, Mr. Zuckerberg himself received about $ 200 million of the total proceeds from the sale of shares.
Since Facebook went public in 2012, Mr. Zuckerberg has sold more than 132 million of his shares to the corporation. Their total cost was about $ 15 billion. And Mark Zuckerberg’s share in the company has decreased by half over this period – from 28% to 14%. At the same time, the personal benefit of Mr. Zuckerberg from the sale of shares over the years is estimated by Forbes at $ 2.1 billion.