Mark Zuckerberg Has 68 More Shares Of Facebook Than He Did Last Month

Zuckerberg

Photo: Cattias Photography

Mark Zuckerberg owns about $14 billion in Facebook shares—almost entirely in Class B shares, which give him voting control of the company but can’t be sold like Class A shares.And indeed, he’s said he doesn’t plan to sell any of his stake for some time.

So it caught our eye when Zuckerberg reported owning any class A shares—a grand total of 68.

Zuckerberg received the shares, worth about $1,870, in two chunks from a fund controlled by Benchmark Capital.

That fund, Benchmark Founders’ Fund VI, appears to be a sidecar fund, in which Benchmark lets entrepreneurs friendly to the firm invest alongside the institutional investors who are partners in its regular funds.

Former Facebook executive Matt Cohler is a Benchmark partner, and Benchmark acquired a stake in Facebook when the social network bought a Twitter-like update-sharing service called FriendFeed, backed by Benchmark, in 2009, for about $50 million at the time. At the peak of Facebook’s valuation, that deal ended up being worth $330 million for Benchmark and the company’s employees.

FriendFeed CEO Bret Taylor ended up working as Facebook’s CTO for a couple of years, but he left in June.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.