Facebook’s stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion – and a 2012 tax bill of around $1.1 billion.
Zuckerberg’s whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook’s initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a “strike price” of 6 cents each.
Facebook’s Mark Zuckerberg faces $1 billion tax bill - Mar. 28, 2013
So what will Obama spend this money on? Himself or give it away in foreign aid to his buddies.