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Zuckerberg increases Facebook stake

Site's creator now owns almost 30 per cent

Rachel Weber avatar
News by Rachel Weber Senior Editor
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Facebook creator Mark Zuckerberg has added to his share of the social network, and now owns 29.3 per cent. At current share prices that's around $18 billion.

A new SEC filing shows the increase from Zuckerberg's 28.2 per cent, and that he now owns 632 million shares in his website. The 13G Filing was made on Wednesday.

This week Zuckerberg was also successful in getting U.S. District Judge Robert Sweet to dismiss four shareholder lawsuits against the site. Reuters reports the cases were connected to Facebook's recent IPO.

Facebook's recent financial reports showed a drop in net profits from $1 billion in 2011 to $53 million in 2012.

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Rachel Weber avatar

Rachel Weber

Senior Editor

Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.