Facebook, the social network, revealed on Thursday that it would value itself @ $86B when it goes public.  The social networking site aims for shares of stocks to be worth between $28 and $35 each.  The IPO would tower over Google’s 2004 offering of $23B.  CEO Mark Zuckerberg plans to sell 30.2 million shares of his stake in the social network when it publicly offers its stock later this month.  When the per-share range is met, Zuckerberg could pocket a “cool” $1.1 billion.

By far, this will be Zuckerberg’s biggest payday, though he has collected lots of cash over these last 8 years.  Last year, he made $483,000 in salary, took home a $220,500 bonus, and received additional perks like private jet travel valued at $783,000, according to CNN Money.

Even with all this talk of cash, most of it will go straight to Uncle Sam and California. CNN Money also stated that Zuckerberg plans to partially exercise a major stock  options grant, and will use almost all of the cash he raises from his IPO to pay off the taxes on that maneuver.