Facebook Net Worth

What is Facebook's net worth? Facebook is an American based social networking technology company that has a market cap and net worth of $53 billion. Facebook was founded by Mark Zuckerberg while he was a student at Harvard University in 2004 and has since grown to have over 900 million members. People are able to create personal profiles on the site Facebook.com and then upload photos, share news stories, stay in touch with friends… and much more. The company has been private since its founding but in May 2012 it will go public in what may be one of the biggest IPOs in many years. In the IPO, Facebook is hoping to raise $10.6 billion by selling 337 million shares priced between $28 and $35 per share. Several notable Facebook insiders are expected to sell many shares with the IPO. CEO Mark Zuckerberg is selling 30.2 million shares which should net him $1.057 billion. He will still own over 500 million other shares that he will not sell in the IPO and will give him a net worth of roughly $16 billion.

***Update*** As of 10 am on May 17th, Facebook's net worth is $112 billion based on a price per public share of $41.

What is Facebook's net worth and market cap?

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Brian Warner

Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.