He sold top business minds on a TV show that promised to save the world – and make them famous. They handed over thousands. Then reality set in: the only thing they kept was their fame. Now they’re taking a stand.
In the beginning of the year, Mark Zuckerberg gave away a massive amount of the $100 million he’s spent on making Facebook, his most valuable asset to date, to a “charitable” foundation run by Peter Thiel, PayPal co-founder. He made good on his promise to donate $100 million to the non-profit group he’s put together: the Zuckerberg Fund.
He also promised that he would donate another $100 million to the foundation a few months later on December 24th.
Facebook CEO: ‘I get asked by venture capitalists, “How much more do you want to give? Should I start selling off shares?”’ https://t.co/NdY3G6xFf8 — Reuters UK (@ReutersUK) December 29, 2018
Zuck: ‘Facebook is not my company. I’m an investor’ https://t.co/VgW5JI7yBm — Guardian Unlimited (@TheGuardianUnlimit) December 30, 2018
“The value of the net worth of the Facebook Board is at a historical high — at $100 billion,” he boasted. (His net worth is currently estimated to be less than $50 billion.)
But the $100 million he gave to his foundation on December 9th was the last time anybody could even tell Zuckerberg’s real worth outside of Facebook. The next day, he put it down to “fees paid for the purchase of Facebook stock,” as he told the Washington Post. The price was $3 billion, by the way.
Now, it appears as though some of Zuckerberg’s investors have already sold their Facebook shares in recent months.
And now a group of them are speaking out, to tell people just how valuable their money is and how Facebook’s behavior is impacting their lives.