Mark Zuckerberg: Paper Billionaire

FacebookHere’s a little tidbit from VentureWire that you kids makin’ the websites might find interesting:

Mark Zuckerberg, the 23-year-old face of online social-networking company Facebook Inc., is officially a multi-billionaire and one of the richest Americans – at least on paper.

Microsoft Corp.’s $240 million investment in Facebook values the start-up at $15 billion, or 100 times its annual revenue. Zuckerberg is said to own at least a 20% stake, which would be worth about $3 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *