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Zuckerberg tops Google founders with FB haul

Facebook’s initial public offering (IPO) may value Mark Zuckerberg’s stake at $28.4 billion, making him richer than Google’s co-founders and almost on par with Larry Ellison, who started Oracle 35 years ago.

The 27-year-old founder and CEO of Facebook is the company’s top stakeholder as it prepares to go public, with 533.8 million shares, or 28.4%, according to a regulatory filing on Friday. Investment firms Accel Partners and Digital Sky Technologies own a combined 16.8%.

Facebook said in its prospectus that it plans to raise as much as $5 billion in an IPO. The Menlo Park, California-based company is discussing a valuation of $75 billion to $100 billion, two people familiar with the matter said last week. At the top end of that range, Zuckerberg will own stock worth $28.4 billion. His command of the company goes beyond stock – he controls 56.9% of the voting power.

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Posted by on Feb 4 2012. Filed under Top Stories. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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