Unlike a lot of consumer tech IPOs, Lyft's founders won't become billionaires after the ride-hailing company debuts in market by bizcarson
by maintaining control of the company. As part of its IPO, Lyft instituted a dual share class with the founders maintaining a combined 48.76% of the vote. Green's shares now control 29.31% of the vote, while Zimmer's voting power is 19.45%.
Lyft president and cofounder John Zimmer owns an estimated $510 million stake in Lyft. Photographer: Patrick T. Fallon/BloombergWhile Zimmer and Green might not reach billionaire status overnight, several others will receive a boost to their fortunes. Lyft's largest shareholder is Rakuten, which is owned by billionaire, is the next largest stakeholder with over 5% of the company.
There's also some family ties for Green. The CEO is married to Eva Gonda Green, the daughter of Louis Gonda who appeared on
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