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Zuckerberg reaps £1.98 billion from Facebook stock

Facebook CEO Mark Zuckerberg reaped a £1.98 billion ($3.3 billion) gain in 2013 by exercising stock options in the social networking company he founded at Harvard University.

Facebook CEO Mark Zuckerberg Credit: Olivier Douliery/

In 2012, the now 29-year-old, also made $2.3 billion off his stock options. He even limited his Facebook salary to just $1, according to regulatory documents filed on Monday.

Facebook to buy virtual reality company for $2bn

Facebook will acquire the two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2bn (£1.2bn).

It is Mark Zuckerberg's first venture into the fast-growing wearable technology industry.

The acquisition, which comes hot on the heels of its $19bn deal for messaging service WhatsApp, marks a big bet by Facebook to anticipate the next shift in an evolving technology industry, at a time when consumers are increasingly abandoning their PCs for smartphones.

"We're making a long-term bet that immersive, virtual and augmented reality will become a part of people's daily life," Facebook founder Zuckerberg said.

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