In a statement posted on Friday, the head of the company, Mark Zuckerberg, said it will sell its shares of up to 7.5 million shares in its first 18 months.
According to the Business Business Insider's report on business, currently the share price of Facebook is $ 170. As a result, Zuckerberg can sell the highest share price of $ 1.27 billion. Zuckerberg can not sell so many shares, but the number will be at least 3.50 million. In this case, the share price of Zuckerberg will be worth six billion dollars.
Zuckerberg will donate some of his Facebook shares by his charity company, Chan Zuckerberg Initiative. His plan is to donate 99 percent of his Facebook friends in his lifetime, as the current price, which will cost $ 7 billion.
Zuckerberg said, "The Facebook business is good for the last one and a half years and our share price has reached the place that I can provide full funding to our charity and keep Facebook's control over voting for another 20 years or more."