Is William Shatner officially a billionaire?
He may be, thanks to Priceline.com.
Quietly PCLN shares have surged to yet another record high. They’re up nearly $90 bucks this year alone and are closing in on $500.
When Captain Kirk .. er, Shatner .. became Priceline’s pitchman more than a decade ago, he smartly (or desperately) decided to be paid in stock. After a brief run during the tech boom Priceline shares went into the dump, bottoming out below $2.
Then the run began.
While we don’t know how many shares or options Shatner was given, or if he has held onto them, reports last year were that his stake was worth some $600 million dollars. And that was when Priceline was trading at a mere $300/share.
With the stock up nearly $200 more/share since then, its possible Mr. Shatner is getting darn close to being a good, old fashioned stock market billionaire.
Source: New Ideas by Brian Sullivan
