Google deal makes YouTube founders multimillionaires on paper

They're young, hip and now, very, very rich. The founders of popular video sharing site YouTube received shares of Google worth many millions of dollars in Google's all-stock $1.65 billion acquisition of YouTube, according to a Securities and Exchange Commission filing on Wednesday.

YouTube co-founder Chad Hurley received 735,319 Google shares, worth nearly $346 million based on the current $470.01 share price. Co-founder Steve Chen received 694,087 shares worth about $326 million, and a third co-founder, Jawed Karim, received 137,443 shares worth about $65 million. Sequoia Capital, the chief venture capital backer of YouTube and an early investor in Google, received shares worth more than $442 million.

Speculation had abounded about how Youtube's founders had fared in the acquistion, which is Google's largest to date.