Facebook boss 'likes' windfall

Press Association
Mark Zuckerberg
Mark Zuckerberg

Facebook CEO Mark Zuckerberg reaped a gain of nearly 2.3 billion dollars (£1.5 billion) last year when he exercised 60 million stock options just before the online social networking leader's initial public offering (IPO).


The windfall detailed in regulatory documents filed saddled the 28-year-old with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook shares for 38 dollars (£24.50) apiece, or 1.1 billion dollars (£710,640 million), in the IPO.%VIRTUAL-SkimlinksPromo%