Facebook IPO and Co-Founder's worth

Facebook will begin the process of becoming a publicly-listed company this week, valuing the social networking site at between $75bn and $100bn, reports suggest. The company plans to file papers with the US financial watchdog on Wednesday, according to the Financial Times and the Wall Street Journal.

The flotation later this year would raise about $10bn, they reported. This would be one of the biggest share sales seen on Wall Street. It would dwarf the $1.9bn raised by Google when it went public in 2004. It would still, however, be some way short of the $20bn raised by carmaker General Motors in November 2010.

The company was started by Mark Zuckerberg, 27 and fellow students at Harvard University in 2004 and has quickly grown to become one of the world's most popular websites. It makes most of its money through advertising.

As a private company, Facebook does not have to publish its accounts, but reports in January last year suggested a document sent by Goldman Sachs to its clients showed the firm made a net profit of $355m on revenues of $1.2bn in the first nine months of 2010.
Facebook spokesman Larry Wu said the company will not comment on IPO-related speculation.  After filing its initial paperwork, a public offering usually takes three to four months.
Facebook IPO

Facebook Co-Founder's worth

Mark Zuckerberg:

Age: 27
Net worth: $17.5 billion
Owns 24% of Facebook, previously worth $5.3 billion
ROLE: Founder and Chief Executive Officer of Facebook
Currently creating his own monetary system 'Facebook Credits' to facilitate transactions and profits, according to Forbes.

Dustin Moskovitz:

Age: 27
Net worth: $3.5 billion
Holds a 6% stake in Facebook previously worth $1.3 billion
ROLE: A co-founder and the social-networking site's first chief technology officer, Moskovitz left in 2008 and started Asana, a software company that allows individuals and small companies to better collaborate.

Eduardo Saverin:

Age: 29
Net worth: $2 billion
Most recently held a 5% stake in Facebook, previously worth $1.1 billion, which he has since sold more than half of to invest in new start-ups.
ROLE: Co-founder of Facebook

Chris Hughes:

Age: 28
Net worth: estimated at $700 million
ROLE: Co-founder & original Facebook spokesperson.
Most recently served as Barack Obama's Director of online Organizing for his 2008 presidential campaign. Currently the executive director of a new social network called Jumo,which connects individuals to global nonprofits.

Sean Parker:

Age: 31
Net worth: $2.1 billion
Owns 4 percent of Facebook, worth over $880 million
ROLE: Former Facebook president, helped capture initial investors for the company

Winklevoss twins:

Age: 30
Net worth: They accepted a $20 million cash settlement and Facebook stock that could now be worth more than $150 million, according to AdWeek.
ROLE: Claimed they invented Facebook which was stolen by Mr Zuckerberg

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