Will Shake Shack Make You a Billionaire? Maybe, But It Will Definitely Make Danny Meyer One

What are you even doing reading this? Why aren’t you buying up all of Shake Shack’s shares to set your worth as a burger billionaire?

Danny Meyer, founder of Shake Shack, is seeing all sorts of green after today’s IPO going public. Now they’re saying that Shake Shack’s shares, originally propositioned at about $17 per share, are now going for $47 to $51 per share. That’s a 130 percent surge, says CNBC. In any case, BUY UP NOW AND EAT ALL THE BURGERS.

First it was said that Meyer would stand to make $140 million from the public filing, back when shares were still valued between $17 and $19. Even though no one’s quite sure what Meyer’s net worth was before the IPO filing (he’s declined to comment on it), it stands to say that post-IPO, he is going to be rolling in the millions. Meyer owns 7,440,822 shares of Shake Shack, according to Business Insider. Let’s do that math:

7,440,822
x $51 (the last going price for SHAK shares)
____________

$379,481,922

Nearly $400 million. Meyer, as it currently stands, will make nearly $400 million today.

And what have you done with your life, exactly?

[CNBC, Business Insider]

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