When Korean-American muralist and graffiti artist David Choe opted for shares over cash for painting murals on the walls of Facebook’s first office in Palo Alto, California, little did he know that a few years down the line, this gamble would yield him some rich dividends? Among the many shareholders who are expected to profit from Facebook’s announcement of filing papers for an IPO, is 35-year old Choe. It is rumored that Choe could have received about 0.1 to 0.25 percent of the company.
As per reports, Facebook has filed papers to raise at least $5 billion, which spells moolah for the young artist whose shares are now valued at over $200 million. Choe, who admitted he didn’t think much of the entire concept of Facebook when he was offered the stock, is now sure to be happy with the turn of events and his decision to opt for shares over cash.