It seems as if Facebook’s IPO has been the equivalent of the lottery for a lot of folks. There’s artist David Choe, who painted murals on the walls of Facebook’s office years ago for 0.25% in company stock. His stake is now worth about $200 million.
And then there’s Newark, NJ schools system and mayor Cory Booker. Back in 2010, Mark Zuckerberg donated $100 million in personal stock options to the schools system. At the time, Facebook was only worth about $20 billion. Since the company’s net value is now five times what it was then, so, too, is Newark’s stake. So the schools system, in one of the poorest cities in America, is sitting pretty on $500 million.
Expect more news of someone else who gut lucky off the IPO to filter out any minute…
[via Business Insider]