Financial News

  • 2 April 2014, 6:12

Facebook's Zuckerberg Makes $3.3bn In One Year

Facebook founder Mark Zuckerberg made $3.3bn (2bn) last year from the sale of stock options, it has been revealed.

The 29-year-old has now exhausted his supply of stock options as a result of Facebook's public offering, but still owns 426.3 million Facebook shares currently worth $25.7bn (15.42bn).

His salary for 2013 fell to $1 (60p), in line with other technology figures such as Google's Larry Page.

Total compensation for the year was $653,165 (391,840), which Facebook said was spent mainly on flights on private jets.

The figures emerged in the company's latest regulatory filings.

The documents showed Sheryl Sandberg, Facebook's second-most senior executive, has sold more than half her stake in the company.

However her stake is still worth around $1bn (600m) and makes her one of the largest individual investors in the social networking company with a 0.5% stake.

Her compensation package fell to $16.2m (9.7m) from $26.2m (15.7m) in 2012.

Chief financial officer David Ebersman made $10.5m (6.3m) in compensation, down from $17.5m (10.5m) in 2012.