Choe was given thousands of shares as payment for his work in 2005, even though he reportedly called the site "ridiculous and pointless." Choe will be one of 1200 employees, advisers and investors that will become millionaires or billionaires when the social network goes public in April.
The social network will raise $5 billion in its IPO, with a value of almost $100 billion, far and away the largest public offering, ever.
Founder Mark Zuckerberg will see the biggest payday, with his 28 percent share of the company. Depending on the final value of the company, Zuckerberg will be worth somewhere in the $25-30 billion range.
Despite their years of lawsuits and complaints against Facebook, the Winklevoss twins will see a large windfall as well, thanks to their 1.2 million shares received in an early settlement with Mark Zuckerberg.
Written by: Andre Yoskowitz @ 2 Feb 2012 21:06
