Investors have put $US1.16 billion into Twitter since it was founded by Ev Williams and Biz Stone back in 2006.
Go directly to our list of Twitter millionaires ยป
The company has also shelled out $US640 million in cash and stock for acquisitions.
With the IPO set to roll, Twitter’s venture capital investors, longtime employees, and other stockholders are about to see all their paper equity turned into actual liquid stock and/or cash.
Some of them are going to be suddenly very, very rich.
Here’s a look at who got what, per the S-1. For argument’s sake, we’re assuming an opening price of $US29 per share, the most recent reported estimate. The S-1 says the most recent share valuation is $US20.62, so the actual numbers could be lower than our estimates here.
Jack Dorsey, co-founder of TwitterTotal shares owned: 23,411,350
Estimated value: $US679 million
Dorsey is one of the founders and owns 4.9% of the company.
Total shares owned: 7,589,608
Estimated value: $US220 million
Total shares owned: 1,722,350
Estimated value: $US50 million
Chris SaccaTotal shares owned: about 5%, or 24 million
Estimated value: $US696 million
Total shares owned: about 5%, or 24 million
Estimated value: $US696 million
Noah Glass has dropped off the InternetGlass was not mentioned in the IPO. He is known to have reached a settlement with Twitter months ago that gave him some cash. It is not known how much.
Twitter says, 'Mr. Fry holds RSUs, none of which will be vested within 60 days of August 31, 2013.'
Total shares owned: 291,666
Estimated value: $US8.5 million
Peter Fenton of BenchmarkTotal shares owned: 31,568,740
Estimated value: $US915, million
Benchmark owns 6.7% of the company.
Total shares owned: 283,333
Estimated value: $US8.2 million
Chris SaccaTotal shares owned: 24 million (about 5%)
Estimated value: $US680 million
Rizvi is reportedly backed by Chris Sacca, also. Sacca entities thus likely own combined stakes worth more than $US1 billion.
Twitter says, 'The Chernin Group, LLC, for which Mr. Chernin serves as founder and chairman, holds RSUs, none of which will be vested within 60 days of August 31, 2013.'
Chernin received a $US3.7 million payout as a board member.
MoPub CEO Jim PayneTotal shares owned: 14,791,464
Estimated value: $US429 million
Twitter acquired mobile ad company MoPub for stock in a deal valued at $US350 million. If the per share price of Twitter rises to $US29, then MoPub equity holders could collectively realise a $US429 million payout.
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Jack Dorsey/VineJack Dorsey, Twitter’s executive chairman
