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YouTube's Google Riches


Admit it, when you heard Google bought YouTube for $1.5 billion last fall, you considered reevaluating your career choice. If you can do that, yesterday's Google filing with the Securities and Exchange Commission (SEC) might peak your interest.

It's now very clear who earned shares of that billion-plus and just how much in dollars it translates to.

The proposed maximum offer price per unit of Google share was $472.10. So figure that YouTube founders Chad Hurley's 694,087 shares are worth $327 million, Steve Chen's 625,366 are worth $295 million, and Jawed Karim's 137,443 are worth $64 million. Hurley and Chen also deposited 41,232 and 68,721 shares, respectively, in separate trusts.

Hurley and Chen weren't the only Hurleys and Chens to come away with big pay days. David Chia-Wei Chen, Richard Chen and Sharon Chen each made with 20,616 shares of Google stock, worth about $9.4 million. Brent Hurley, came away with 22,334 shares, Heather Michelle Hurley 10,308 and Donald Hurley and JoAnn Hurley split 10,308 as joint tenants.

Full article: internetnews.com Posted by Picasa
YouTube's Google Riches - Thursday, February 08, 2007 -

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