Mike Krieger Net Worth

Facebook Acquisition On April 9th 2012, Facebook CEO Mark Zuckerberg announced that his company has agreed to purchase Instagram for $1 billion in cash and stock. At the time, Instagram had only 13 employees and Mike reportedly owned 10% of the company. In September 2018, Mike and Kevin announced their abrupt departure from Facebook. There were reports that the two had been unhappy with the way Facebook had been managing Instagram. It has been estimated that if Instagram had not sold and instead stayed independent and maybe eventually its own public company, that today it would have a net worth north of $100 billion.