Facebook IPO Will Create Over 1,000 Millionaires
When Facebook has their IPO, it will create at least a thousand millionaires. Facebook is expected to have an IPO in 2012 with a valuation of over $100 billion. These future millionaires are already planning how to spend their wealth.
“There’s been discussions of sort of bucket list ideas that people are putting together of things they always wanted to do and now we’ll be able to do it,” stated a former Facebook employee. That Facebook employee is booking a trip to space on the Virgin Galactic, which would cost about $200,000 or more today. His net worth will be $50 million when the company has an IPO. Another group of future Facebook millionaires are planning on making an expedition to Mexico to the untouched areas of the Mayan ruins.
[Reuters]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry