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

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Investec
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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.

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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.

About Investec

Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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