What Facebook’s IPO could earn him:We’re looking at an expected $5 billion IPO. So Parker’s 4% stake in a post-IPO company, freshly valued around $85 billion, will convert to $3.4 billion. Enough to buy him 170 replicas of his$20 millionManhattan townhouse, complete with subway ca...
Parker was forced to step down as Facebook president in 2005 after an arrest for drug possession in North Carolina. He retained a minority stake in Facebook that was worth hundreds of millions of dollars and continued to be informally involved with the company. ...
Parker's influence on Facebook persisted. Beyond Facebook, Parker's investments have been instrumental in maintaining his fortune. In 2010, he invested $15 million in a 5% stake in Spotify Inc. and served on its board until 2017 . Earlier this year in June, he joined Stability AI, a gen...
The newly created Parker Institute for Cancer Immunotherapy is being funded by a $250 million grant from Sean Parker, the co-founder of the file-sharing site Napster and Facebook’s first president. It brings together partners at six top academic cancer centers, dozens of drugmakers and other...
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Parker became president of Facebook in 2004. In 2005 Parker was arrested for cocaine possession in North Carolina. No charges were filed, but he was forced to step down as president of Facebook (though he continued to own a minority stake in the company worth hundreds of millions of ...