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Author Archives: GRL Admin
Facebook Rich List
Mark Zuckerberg, Facebook founder (shown above) stands to earn $1.15 billion from shares that he is selling in the company’s IPO. That is if the the share price hits the top end of its revised $34 to $38-per-share range.
James Breyer and Accel Partners, where he’s a partner.
Year invested in Facebook in 2005.
Number of shares being offered: 38.2 million.
Value at $38 per share: $1.45 billion
Peter Thiel, managing partner at The Founders Fund and PayPal co-founder.
Year invested in Facebook in 2004.
Number of shares being offered: 7.7 million.
Value at $38 per share: $294 million
DST Global Ltd. and affiliates, a London-based, Russian-founded investment firm focused on Internet companies and founded by Yuri Milner.
Year invested in Facebook in 2009 and late 2010.
Number of shares being offered: 26.3 million.
Value at $38 per share: $998 million
Goldman Sachs and affiliates, investment bank and one of the IPO’s underwriters Year invested in Facebook in 2011.
Number of shares being offered: 13.2 million.
Value at $38 per share: $501 million
Elevation Partners, private equity firm focused on media and technology and affiliates including co-founder Roger McNamee.
Number of shares being offered: 4.6 million.
Value at $38 per share: $176 million
Reid Hoffman, co-founder of LinkedIn Corp. and affiliates.
Year invested in Facebook: 2004.
Number of shares being offered: 942,784.
Value at $38 per share: $36 million
Mark Pincus, Zynga Inc. CEO.
Year invested in Facebook: 2004.
Number of shares being offered: 1 million.
Value at $38 per share: $38 million
Meritech Capital Partners, venture capital firm focused on late-stage investments Number of shares being offered: 7 million.
Value at $38 per share: $266 million
Greylock Partners, Silicon Valley venture capital firm and affiliates.
Year invested in Facebook: 2006.
Number of shares being offered: 7 million.
Value at $38 per share: $266 million
Microsoft Corp.
Year invested in Facebook: 2007.
Number of shares being offered: 6.6 million.
Value at $38 per share: $249 million
Mail.ru Group Ltd., Russian Internet company.
Year invested in Facebook: 2009
Number of shares being offered: 11.3 million.
Value at $38 per share: $428 million
Others: smaller stockholders are offering another 70,504 shares.
Value at $38 per share: $2.7 million
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Facebook’s pending IPO will create 970 millionaires including 165 super rich Ultra High Net Worth Individuals, according to new research by the wealth intelligence service WealthInsight.
In depth analysis reveals that the Facebook Elite UHNWIs (those worth more than $30m) will each have an average wealth of over $225m. Though the prospect of immediate and huge spending sprees is unlikely due to restrictions on the exercise of stock options and other shares.
WealthInsight has created a unique proprietary database of 160 Facebook employees, investors and other beneficiaries packed with data and biographical detail.
According to WealthInsight analyst Andrew Amoils: “This floatation will create an unprecedented number of new super rich people. And despite the success of the film The Social Network and the company’s media profile, no-one knows much about the Facebook Elite beyond the senior management leaders. That’s why we have pulled out all the stops to research these individuals”.
The research is based on the valuation being placed on the floatation of Facebook which values the company at a multiple of 79-99 times earnings, compared with 13.7 and 18.6 for Apple and Google, respectively.
Source: Spears Wealth Management Survey / The Vancover Sun
Fortune 500 List of Richest Firms
Exxon Mobil has bumped Wal-Mart from first place among the Fortune 500 top revenue-generating U.S. companies thanks to rising oil prices.
Fortune Magazine released its annual list on May 7.
Oil producers saw some of the biggest revenue increases as a rebellion in Libya and high demand worldwide pushed oil prices higher. The price of benchmark West Texas Intermediate crude oil soared 19 percent. Brent crude, which helps set the price of foreign oil varieties, surged 38 percent between 2010 and 2011.
Revenue rose for Exxon Mobil, based in Irving, Texas, even though the company struggled with lower production and high refining costs. It earned $41 billion last year on revenue of $486 billion.
Now at No. 2, Wal-Mart Stores reported 4 percent lower earnings in its latest fiscal year: net income of $15.7 billion on revenue of $446.95 billion. Higher expenses squeezed profits as the Bentonville, Arkansas, retail giant also looked for ways to lower prices.
Two other petroleum companies, Chevron and ConocoPhillips, ranked next behind Wal-Mart.
Rounding out the top 10 were automaker General Motors Co., industrial and banking giant General Electric Co., Warren Buffett’s Berkshire Hathaway, mortgage provider Fannie Mae, Ford Motor Co. and technology giant Hewlett-Packard.
Hewlett-Packard is new to Fortune’s top 10 this year, knocking out Bank of America, which fell to No. 13. Bank of America’s revenue has been hit on several fronts by a combination of a weak economy and new regulations that cut how much the bank could collect in credit card and checking account fees. It earned $1.4 billion last year on revenue of $94.4 billion.
Source: Daily News / CNN Money
The UK Sport Rich List 2012
Rory McIlroy joins Britain’s 100 richest sportsmen with an £11 million fortune, while new England manager Roy Hodgson is another new entry. Sir Nick Faldo is ranked at no.1 with a fortune valued at £34m.
Rory McIlroy, the 23-year-old Northern Ireland golfer who won the 2011 US Open, has already amassed a fortune worth £11m, according to the third annual Sunday Times Sport Rich List published in a special supplement free with The Sunday Times this weekend (May 6).
McIlroy is one of 12 golfers to feature in The Sunday Times Sport Rich List 2012, which profiles the 100 wealthiest sportsmen in Britain and Ireland. Last year, McIlroy only featured in the list of wealthy young sportsmen, aged 30 and under, with a £7m fortune. The 2012 Golf Rich List is headed by Sir Nick Faldo, worth £34m, who is estimated to have added £2m to his fortune in the last year, after tax, from television commentary, golf course design and sponsorship deals.
Lee Westwood and Darren Clarke have each seen their golf fortunes fall by £6m after they lost money by jointly buying a 10-seater Challenger 601 jet at the top of the market and selling at the bottom.
With a fortune which now stands at £32m, up £5m on last year, Manchester United’s Sir Alex Ferguson is the wealthiest football manager in The Sunday Times Rich List 2012. Sir Alex is joined in the Football Managers’ Rich List this year by Tottenham’s Harry Redknapp, worth £12m, and the new England manager, Roy Hodgson, worth £11m. Hodgson first became a football manager in 1976, with the Swedish side Halmstad.
Arsenal’s Arsene Wegner, the highest paid manager in the Premiership, with a salary recently reported to be £7.5m a year, has seen his fortune rise by £7m to £26m.
The third annual Sunday Times Sport Rich List is published in a special supplement this weekend (May 6), which profiles the 100 wealthiest sportsmen in Britain and Ireland and the 40 richest young sportsmen, aged 30 and under. The list is based on identifiable wealth (earnings, property, other assets such as art and racehorses, or significant shares in publicly quoted companies), and excludes bank accounts (to which the paper has no access).
Greek millionaires in sport featured in Greek Rich List include Ted Leonsis, owner US NHL’s Washington Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics. GRL also includes Peter Karmanos, Jr. owner of US Hockey Leagues’s Carolina Hurricanes and Plymouth Whalers and has previously profiled Pete Sampras, the legendary Tennis player, although Sampras in the last few issues has not made the cut.
Source: The Sunday Times
