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Facebook boss Mark Zuckerberg makes £2billion

Facebook boss Mark Zuckerberg makes £2billion
02.04.2014 17:00
Facebook boss Mark Zuckerberg made almost £2billion from his shares in the company last year, according to financial documents.

The 29-year-old chief executive of the social network pocketed £1.98billion by exercising stock options from the social network.This followed a £1.4billion windfall through his stock options during the previous year.Shares in Facebook have more than doubled in value during the past year as Mr Zuckerberg fulfilled his promise to sell more ads on mobile devices.The California-based company now gets more than half of its ad revenue from mobile devices, up from 23 per cent at the beginning of last year.Mr Zuckerberg limits his salary to $1 – 60p – a year.He was left with a huge tax bill following the latest sale, causing him to sell 41.35million shares for £33 apiece in December.The tech supremo still owns 426.3million shares, which are worth about £15.4billion.He and his wife, Priscilla Chan, also donated 18million shares to a Silicon Valley non-profit organisation.Besides his token salary, he also received perquisites valued at £392,000 that mainly went on air travel.(metro.co.uk)ANN.Az

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