But Hoffman wasn’t alone in experiencing a huge payday. Other big LinkedIn shareholders include independent director and board member Michael Moritz — a onetime journalist turned Sequoia Capital investor in Google, PayPal and YouTube — whose 671,000 shares jumped in value to $129 million.
And CEO Jeff Weiner, who joined the company in 2009, saw his stake increase $6.8 million to $21.6 million.
Weiner will remain CEO of an independent LinkedIn, reporting to Microsoft CEOSatya Nadella. The deal is expected to close by the end of the calendar year.