Facebook IPO: Zuckerberg Will Make at Least $846 Million

Sarah Kessler
May 3, 2012

Facebook founder and CEO Mark Zuckerberg is set to make at least $846 million when the company goes public.

Facebook announced on Thursday that it will sell 337.4 million shares at a price range of $28 to $35 in its initial public offering. According to the company's filings with the SEC, Zuckerberg will be selling 30.2 million of his own shares.

[More from Mashable: CONFIRMED: Facebook Announces IPO Price at Valuation of $90 Billion]

On the low end of the price range, that would make him $846 million richer. On the high end, he would net $1.05 billion.

According to the filing, most of that money will go to paying Zuckerberg's taxes. Which, considering the 60 million shares the CEO will acquire through an outstanding stock option, are about to increase significantly.

[More from Mashable: Facebook Call to Boycott Airline Takes Off for Treatment of Dying Vet]

Facebook's valuation of $88 billion or more would make it the most valuable U.S. company at the time of its IPO, which was most recently reported to be set for May 18.

The record is currently held by Google, which was valued at $23 billion when it went public in 2004.

Additional Facebook IPO Coverage

2004: First Offers Turned Down

Facebook launches with humble beginnings that most people have seen dramatized in The Social Network by now. It was a small social site backed by only a little money, and limited just to the undergrads at Harvard. Right out of the gate, Facebook turned down offers from an unknown investor and Friendster, each offering $10 million. This was, of course, when the company was still called TheFacebook.

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This story originally published on Mashable here.