CNBC | Forbes
Washington Post Co. chairman Don Graham, who sits on Facebook’s board of directors, has added about $31 million to his fortune of $500 million with Friday’s IPO. That counts the 770,000 shares of restricted stock he owns outright as of May 1, as reported by Forbes’ Jeff Bercovici. When the rest of his shares vest in April 2013, Graham will have 1 million shares; the CNBC live tracker showed the total take-home value of those shares peaking at $41 million Friday then falling to $38,231,800 as the market closed.
Except he’s not going to take it home. He told Bercovici:
I won’t sell any Facebook shares as long as I’m on the board. When I leave, all my Facebook shares will be donated to two or three DC education-related charities I’ve supported over the years. Thus, a small portion of Facebook’s success will be shared with low income students in Washington.
As far as the IPO coverage goes, The Wall Street Journal’s embeddable “Wealth-o-Meter” is a nice blend of a hedcut and a live graphic: