David Choe to earn $200 million from Facebook
If for some reason AMC ever offers you money or stock options for your Mad Men ad tagging, word to the wise: Take the stock. Yesterday we asked how the staggering $5 billion Facebook IPO could affect you, but there’s no question on how well it will work out for famous muralist and graffiti artist David Choe (pictured.) According to The New York Times, Choe, who was hired back in 2005 by the social networking site to paint murals for the company’s first corporate headquarters, “will reportedly be worth some $200 million when Facebook begins trading publicly later this year.”
In 2005 Choe was offered the choice between cash and shares of Facebook stock as payment for his services. Choe ultimately chose stock options, which he recalled thinking was “ridiculous and pointless” at the time. That choice will certainly pay off handsomely for the artist, though will any and all street cred be lost now that the defiant 35-year-old creative anarchist will soon become a multimillionaire?
On his blog the artist wrote that thanks to the NYT article he realized he is now the “highest paid decorator alive.” Check out this clip from the 2008 documentary Dirty Hands, which chronicled the “Art and Crimes of David Choe” below, in which the “highest paid decorator alive” tells viewers his spray painting aesthetic: “it’s about destroying public property…. I just want to destroy s—.” (Now there’s a quote that would look interesting here.)