Art by David Choe, possibly the worlds richest artist thanks to FacebookPosted: February 8, 2012
See more at www.davidchoe.com
Facebook Graffiti Artist Could be Worth $500 Million
Last week Evelyn Rusli and I wrote about the people who are set to get rich from Facebook’s coming initial public offering of stock. The most startling was David Choe, a graffiti artist who chose Facebook stock instead of cash when he spray-painted the first Facebook offices in 2005.
Although Mr. Choe declined several requests for an interview while I was reporting the story, he took to the airwaves on Tuesday as a guest on The Howard Stern Show to discuss his windfall. (Warning: the conversation, like Mr. Choe’s paintings, is very sexual descriptive.)
After talking about a number of topics that are not safe for workplace discussion, Mr. Choe and Mr. Stern talked about the money the graffiti artist will make from his Facebook stock.
Mr. Choe said Facebook originally offered him $60,000 to paint murals in the company’s Palo Alto offices in 2005. Today, he said, the stock he took instead could be worth more than $500 million.
Yes, that’s what he says: half a billion dollars to paint the murals.
But it is unclear how much of the original stock Mr. Choe has left. Mr. Choe told Mr. Stern that he did not own all of his original stock and that he had sold some – presumably on the secondary market. He declined to say how much.