The 60 Million Dollar Dentist

Posted on Feb 5 2012 - 9:25pm by Kyle

Mark Zuckerberg's Father, Edward Zuckerberg is now worth more than 60 million dollars photo: SAI

Don’t get me wrong, there’s a lot of money in dentistry I have a good friend who’s an oral surgeon and can support his family and his hobby of racing Ferarri’s. However a 60 million dollar dentist is rare. Especially for a general practicing dentist, not a cosmetic dentist in Beverly Hills.

A 60 million dollar dentist is exactly what Edward Zuckerberg will become after Facebook officially goes public in May. The wondering is over as Facebook filed paperwork to go Public this past week. It typically takes 3-4 months for the SEC to review the paperwork for a company to go public.

The 60 million dollars isn’t coming from son Mark just because he has a good relationship with his father. Mark Zuckerberg’s dad gave his son the start up capital for Facbeook back in 2004.  In exchange Zuck granted his dad 2,000,000 class B shares of Facebook.

The original deal with his father was set to expire after a year however the Facebook board decided that expiring in one year wasn’t fair and in 2009 issued the elder Zuckerberg the 2,000,000 shares. Today, according to Facebook’s S-1 filing, those shares are worth $60,000,000.00

source: SAI

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