TIME technology

Facebook Execs Have Cashed Out $7.2B Since IPO

Facebook CEO Mark Zuckerberg
Facebook CEO Mark Zuckerberg addresses the crowd gathered during his keynote address at Facebook's f8 developers conference in San Francisco on April 30, 2014. Robert Galbraith—Reuters

In just two years, the company’s biggest shareholders have sold 186 million shares of stock, bringing in $7.2 billion. Co-founder and CEO Mark Zuckerberg has personally made $3.2 billion from cashed-out shares since the social networking site went public on May 18, 2012

In the two years since Facebook’s IPO, the company’s executives and insiders have sold 186 million shares of stock, raking in $7.2 billion.

Eleven different shareholders have made more than $100 million off their shares, including co-founder and CEO Mark Zuckerberg ($3.2 billion) and COO Sheryl Sandberg ($455 million), according to a Bloomberg analysis.

Initially priced at $38, FB began trading on Nasdaq on May 18, 2012. After a rocky start in which share prices sunk to less than half their initial asking price, the stock hit an all-time high in March of this year. While the tech stock has since dropped about 20%, it is still more than 50% above its initial price, closing at $58 a share on Friday.

[Bloomberg]

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