San Francisco • Facebook CEO Mark Zuckerberg made nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader's initial public offering.
The windfall detailed in regulatory documents filed Friday, also saddled Zuckerberg, 28, with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook Inc. shares for $38 apiece, or $1.1 billion, in the IPO.
Facebook's stock hasn't closed above $38 since the IPO was completed last May. The shares gained 71 cents Friday, to close at $26.85.