Twitter CEO Dick Costolo and two of its co-founders, Evan Williams and Jack Dorsey, could collectively be worth as much as $3.7 billion after the company's IPO, according to a calculation by ultra high net worth (UHNW) intelligence provider, Wealth-X.
However Costolo will not be the biggest gainer from the IPO.
Co-founder Williams, who has a 12 percent stake in Twitter, is poised to be the largest beneficiary as his personal fortune is estimated to grow to nearly $2.4 billion if the company is valued at $20 billion or more.
The San Francisco-based online social networking company, which was founded in 2006, has revealed plans for a $1 billion public offering, giving potential investors their first glance at Twitter's financials and the largest shareholders behind one of the most-anticipated stock debuts of the year.
Twitter CEO and Co-founders could be worth as much as $3.7 billion post the IPO. AFP
Williams was Twitter's CEO until 2010, which was when current CEO Dick Costolo took the helm. Williams is now working on developing a publishing platform, Medium, which is dedicated to long-form content.
Co-founder and chairman Dorsey has a 4.9 percent stake while Costolo holds 1.6 percent. This means their gain from the Twitter IPO could be US$585 million and US$189 million, respectively.
"Twitter's IPO announcement adds another notch of success to the New York-based venture capitalists in Silicon Alley. Twitter's valuation demonstrates that it truly has become the interest graph. However, it's still too early to see if its monetization strategies on the advertising side will prove successful," said Wealth-X President David S. Friedman.
The company's stock should begin trading under the ticker symbol "TWTR" before Thanksgiving, barring a market meltdown or regulatory hurdle but the company has not indicated whether it will trade on the New York Stock Exchange or the Nasdaq Stock Market.
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