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Westchester Native Zuckerberg To Sell $2.3 Billion In Facebook Shares

Facebook founder Mark Zuckerberg was born in White Plains and grew up in Dobbs Ferry. He also attended Ardsley High School before transferring to Philips Exeter Academy in New Hampshire.
Facebook founder Mark Zuckerberg was born in White Plains and grew up in Dobbs Ferry. He also attended Ardsley High School before transferring to Philips Exeter Academy in New Hampshire. Photo Credit:

WESTCHESTER COUNTY, N.Y. -- Facebook founder and Westchester County native Mark Zuckerberg will sell approximately $2.3 billion in shares of his social media company to pay a tax bill, according to Forbes.

The sale of Zuckerberg's 41.4 million Class A shares will reduce his voting power from 58.8 percent to 56.1 percent, Forbes reported.

In all, Facebook executives will be selling off 70 million shares of common stock, Forbes said.

Zuckerberg

Click here to read the full Forbes article.