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.
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