Facebook flotation to create 970 millionaires

Facebooks pending IPO will create 970 millionaires including 165 super rich ultra high net worth Individuals (UHNWIs), according to new research by the wealth intelligence service WealthInsight In depth analysis reveals that this new HNW group, known as the Facebook Elite UHNWIs (those worth more than $30m) will each have an average wealth of more than $225m Though the prospect of immediate and huge spending sprees is unlikely, due to restrictions on the exercise of stock options and other shares.

Facebook’s pending IPO will create 970
millionaires including 165 super rich ultra high net worth
Individuals (UHNWIs), according to new research by the wealth
intelligence service WealthInsight.

In depth analysis reveals that this new group
of UHNWIs (those worth more than $30m), known as the Facebook
Elite, will each have an average wealth of more than
$225m.

Based on an IPO price of US$30 per share,
WealthInsight estimates that among Facebook’s past and current
employees there will be 165 UHNWIs, 295 mid-tier millionaires
($5-30m), and a further 500 HNWIs.

More details on 160 UHNW

WealthInsight’s research is based on a unique
proprietary database of 160 Facebook employees, investors and other
beneficiaries packed with data and biographical detail.

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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.

Download: “The
Facebook Elite: a new generation of millionaires
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