Facebook's lucky millionaires

Created on Tuesday, 07 February 2012 10:52

Written by EgyptClass

Facebook world's largest social network has recently joined the stock exchange. David Choe -  the Korean-American Graffiti artist -from San Francisco - has decorated the first headquarters of Facebook , but did not except money at that time, and had accepted to be payed by bonds which the company's headquarters offered in settlement  in shares instead of cash.

Choe, according to The New York Times can make up to 200 mil. USD because of his clever step. His paintings could make even more money than a famous artist Damien Hirst earned in auction record of his works in 2008. The British artist had received $ 200.7 million.

The San Francisco's artist was offered to decorate the first Facebook office in Palo Alto, California in 2005 by the- then - president Sean Parker. He was left a choice, whether he  takes several thousand dollars for his work, or the shares in approximately the same value. Now the share value is around $ 200 million.

Around a thousand company employees, who in the past for their services were compensated or received bonuses in shares, along with him will become dollar millionaires  through Facebook.