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Red Hat and VA Linux gave him stock options back in the day. Once they IPOed, Linus became a very wealthy man. Source: Wikipedia (https://en.wikipedia.org/wiki/
by zhemao 13y ago
Red Hat and VA Linux gave him stock options back in the day. Once they IPOed, Linus became a very wealthy man. Source: Wikipedia (https://en.wikipedia.org/wiki/Linus_torvalds#Later_years https://en.wikipedia.org/wiki/Linus_torvalds#Later_years)
- this_user 13y agoThat was in 1999. The RHT IPO was at 20 and shot up 155 and is now at around 57. VA IPO'd at 30 and rose to 320 before cratering to below 5 in 2006. They are now known as Geeknet (GKNT) after some mergers and name changes which that trades at around 18. All in all, Linus may have had a lot of money on paper, but unless he cashed out at the top, his stock is worth a lot less now. That is not to say that he may still have a couple of millions, but he's not even close to the really rich people likes Gates with his 77 billion.
- maxerickson 13y agoAdjusted for the split, the offer price for Redhat was $7.