Facebooks 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
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.
For more information on the Facebook Elite and to see how WealthInsight generated these findings please download our research paper: “The Facebook Elite: a new generation of millionaires overnight“.