Technology

Mark Zuckerberg gets $3.5 billion richer in the last five days

Recent financial reports show that Facebook founder and Chief Executive Officer (CEO), Mark Zuckerberg got $3.5 billion richer in the last five days.

This is an outstanding feat considering the fact that there is a global outcry of financial lack in every nook and cranny.

Forbes reports that the shares of Facebook, which have risen nearly 40% since the start of 2017, continue to gain altitude, and that expectations of strong second-quarter earnings, to be announced at the end of the month, has helped drive Facebook stock to an all-time high on Friday.

That surge has further padded the net worth of Mark Zuckerberg, who holds roughly 17% of Facebook’s outstanding shares and a majority of its voting power, to go higher by $3.5 billion richer in the last five days, Forbes said.

Just 33 years old, Zuckerberg is now worth an estimated $66.7 billion – a record high – according to Forbes’ real-time rankings of the world’s billionaires. He is the sixth-richest person on the planet and the only thirty-something to rank in the top 50.

Zuckerberg founded Facebook in 2004 as a 19-year-old student at Harvard; he later dropped out as a sophomore. The business, which began as a small social networking platform for Ivy League universities, now has more than 2 billion monthly active users.

Zuckerberg was not the only technology billionaire to have a lucrative week.

The net worth of Bill Gates, the planet’s wealthiest individual, rose $900 million to an estimated $90 billion. Amazon founder Jeff Bezos also did spectacularly well; his fortune jumped $1.9 billion, to an estimated $85.2 billion. He remains the world’s second-richest person.

 

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