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Just How Rich Did the Twitter Dudes Get Today?
Scott Lucas | Photo: Courtesy Mashable | November 7, 2013
Twitter's shares closed at $44.90 a share today, its first of public trading. So how wealthy does that make the stock-option holding Twitter insiders? (Remember, this is paper wealth based on the stock price. They would have to sell their positions to reap the benefits.) We took a look at the SEC disclosure form and ranked them from filthy, stinking, bathing in liquid gold rich to just plain lower-middle-rich rich.
RICHER THAN GOD
Evan Williams: The co-founder and former CEO owns 56,909,847 shares. Current value: $2.56 billion
Peter Fenton: The early investor owns 31,568,740 shares. Current value: $1.42 billion.
Jack Dorsey: The co-founder owns 23,411,350 shares. Current value: $1.05 billion.
Biz Stone: Because the co-founder is no longer an official of the company and does not own more than 5% of the total shares before the IPO, he did not have to appear in the SEC documents. The maximum that he could be holding is around 23 million shares. Maximum potential current value: $1 billion (but likely less)
RICHER THAN A DEMI-GOD
Dick Costolo: The current CEO of Twitter owns 7,589,608 shares. Current value: $340 million.
Adam Bain: The Twitter executive owns 1,722,350 shares. Current value: $77 million.
Peter Currie: The investor owns 291,666 shares. Current value: $13 million.
David Rosenblatt: The investor owns 283,333 shares. Current value: $13 million.
POORER THAN HE WAS WHEN HE WOKE UP THIS MORNING
Scott Lucas: The writer of this post bought 11 shares at $49 this morning. Value: He lost $45.10 for the day.