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The Swiss National Bank owns more A-class Facebook shares than Zuckerberg

Summary:
At the end of March 2018, the Swiss National Bank (SNB), held 8.93 million A class shares compared to Mark Zuckerberg’s holding of 8.91 million, according to the newspaper Handelszeitung. © Bumbleedee | Dreamstime.com - Click to enlarge However, most of Zuckerberg’s shares are B class shares, a class of shares which is not quoted and give the founder control of the business. Zuckerberg holds 393.9 million of these. Together his A class and B class shares give him a 13.8% stake in the business, valued at around US$ 63 billion1. The SNB’s stake in Facebook is worth around US.4 billion1, a small slice of the SNB’s assets, valued at CHF 843 billion, including CHF 42 billion of gold and CHF 790 billion of foreign

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At the end of March 2018, the Swiss National Bank (SNB), held 8.93 million A class shares compared to Mark Zuckerberg’s holding of 8.91 million, according to the newspaper Handelszeitung.

Bumbleedee

© Bumbleedee | Dreamstime.com - Click to enlarge

However, most of Zuckerberg’s shares are B class shares, a class of shares which is not quoted and give the founder control of the business. Zuckerberg holds 393.9 million of these.

Together his A class and B class shares give him a 13.8% stake in the business, valued at around US$ 63 billion1.

The SNB’s stake in Facebook is worth around US$1.4 billion1, a small slice of the SNB’s assets, valued at CHF 843 billion, including CHF 42 billion of gold and CHF 790 billion of foreign currency investments.

2017 was a good year for Switzerland’s central bank and brought a profit of CHF 54 billion. CHF 50 billion of this profit came from its foreign currency holdings. The rest came from gold (CHF 3 billion) and Swiss franc positions (CHF 2 billion). Total expenses for the year totaled CHF 415 million.


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