Instagram CEO Kevin Systrom Earns $400 Million From Facebook Acquisition
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Yesterday Facebook acquired Instagram for $1 billion, which is the largest acquisition in the history of Facebook. Instagram CEO Kevin Systrom owns 40% of Instagram according to sources with Wired.com, which means that he will take home $400 million from the acquisition. Instagram co-founder Mike Krieger has a 10% stake in the company so he will take home $100 million.
Benchmark Capital has an 18% stake so they will make $180 million. Andreessen Horowitz and Baseline Ventures each have a 10% stake so they will make $100 million each. The 13 other full-time employees at the company will make $100 million each.