Here’s who will get rich from the Lyft IPO

Judge dismisses Lyft’s minimum-wage lawsuit in NYC
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As Lyft makes its debut as a publicly traded company, co-founders Logan Green and John Zimmer will be rich. But they won’t be billionaires just yet.

At an opening price of $87.24 a share, Green’s stake in Lyft is valued at about $730.5 million while Zimmer’s shares are worth about $504 million.

Green and Zimmer will continue to control Lyft, because most of their shares are in the form of Class B stock — which has super-voting rights. Green, who is also Lyft’s CEO, and Zimmer, who is Lyft president, will have just under 49% of the voting power. Lyft executives and board members overall will control 61% of the voting rights.

But Green and Zimmer aren’t the only ones that will cash in on Lyft’s IPO.

Japanese e-commerce giant Rakuten has a 13% stake in Lyft that is now worth more than $2.7 billion. Rakuten founder and CEO Hiroshi Mikitani is a member of Lyft’s board.

General Motors and mutual fund giant Fidelity both have a nearly 8% stake in Lyft. Those stakes are each worth a little north of $1.6 billion at the opening price.

Silicon Valley venture capital firm Andreessen Horowitz owns about 15 million shares of Lyft, a 6% stake that’s worth $1.3 billion. Andreessen Horowitz co-founder Ben Horowitz is on Lyft’s board.

Google owner Alphabet has also made a big investment in Lyft. Alphabet owns about 12.8 million shares of Lyft through its CapitalG venture arm. That stake is worth $1.1 billion.

And board member Valerie Jarrett, former adviser to President Barack Obama, has a stake that is worth just under $600,000.