The Winklevoss Twins Now Own $134 Million In Facebook Stock
By Eric Brown | November 15, 2012 12:10 PM EST
While “The Social Network” portrayed Mark Zuckerberg’s Harvard classmates the Winklevoss twins as losers in the battle for Facebook, Cameron and Tyler Winklevoss may be the ones laughing now — their share in Facebook is now worth roughly $134 million.
According to Yahoo Finance, the pair of Harvard graduates received roughly 6 million shares of Facebook stock in 2008 in a settlement with Zuckerberg and company over their claims that he stole their idea.
As of Wednesday, their stake was worth about $134 million as Facebook shares are worth $22.36.
While the Winklevoss twins have been outspoken critics of Zuckerberg and Facebook, they say they don’t plan to sell the majority of their shares any time soon. Instead, they will only be selling about $1 million worth.
According to Yahoo Finance, the pair will be investing the money from the sale in a new e-commerce website called Hukkster.com.
Previously, the Winklevoss twins had invested their money in an invite-only social network called SumZero, which was just for Harvard graduates.
The Winklevoss twins acquired their stock in Facebook after a years-long dispute over ownership of the website. The pair had initially hired Zuckerberg to develop a website for them, when Zuckerberg abandoned the project to develop Facebook. The Winklevosses, however, alleged that Zuckerberg stole code from their earlier project.
To contact the editor, e-mail:
Most Popular Slideshows
- Manny Pacquiao Vs. Chris Algieri World Tour Kick Off Press Conference In Macau [PHOTOS]
- Angelina Jolie & Brad Pitt Heads to Malta For New Movie After A Whirlwind French Wedding [PHOTOS]
- 2014 US Open Update (Day 4 - Men's Singles): Murray, Djokovic, Raonic and Isner Advance to 3rd Round [PHOTOS]
- Prince Harry & Camilla Thurlow Getting Serious, St. Tropez Holiday Before The Prince’s 30th Birthday [PHOTOS]
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Sept 19 iPhone 6 Release Date Confirmed as Apple Sets Sept 9 iWatch, 2 iPhones Intro - Report
- iPhone 6 Release Date Update: 4.7-Inch Model Scores 65.8% In Screen-To-Size Ratio; A Surprise Entry Scales Top Spot [List Attached]
- Product Recall Alert: Hewlett-Packard Pulls Out 6M Power Cords from US, Canada Over Fire Hazard Concerns, Australia Also Affected
- ISIS Wants $6.6M and Release of Aafia Siddiqui in Exchange of Head of Female US Humanitarian Aid Worker, 1st American Fighting for Jihadis Dead
- Canada Vs Russia War Erupts Via Twitter on Russia-Not Russia Maps
- Ukraine Ceasefire Looks Remote As Putin Talks Tough At Meeting With Poroshenko
- Google Nexus 6 Release May Be the New Google Nexus X Smartphone as New Details Emerge