Sunday, August 10, 2014

Mark Zuckerberg May Become ‘World’s Richest Person’

*Let’s hope you don’t have a problem with social media mogul Mark Zuckerberg, after all, according to an article in the Huffington Post, you’re helping make him the ‘World’s Richest Person.’

With a surge in Facebook’s stock on Thursday  to $76 a share from $71, the net worth of the chairman and CEO of Facebook jumped about $2 billion before he had even finished breakfast. This, only one day after the company announced it had made roughly one entire buttload of money in the previous three months.






According to the site, by close of business on Thursday, Zuckerberg was richer than fellow computer nerds Larry Page and Sergey Brin, co-founders of Google. He was richer than Amazon CEO and Lex Luthor clone Jeff Bezos.

Bloomberg News says Zuckerberg is now the world’s 16th-richest person. How close is he to being No. 1? Probably not far off, if things keep going this well.

Around this time last year Facebook’s stock was trading at $34. Today it has more than doubled, selling for $75. Fortunately for Zuckerberg, he has managed to hold onto 22 percent of Facebook, again according to Bloomberg — a larger stake than Page, Brin or Bezos have in their companies.

The social media site is said to have more stock-market value than Amazon, and some day Facebook could be worth as much or more than Google, which now has a market value of almost $400 billion. Zuckerberg’s share of a Facebook worth $400 billion would be $88 billion — or $3.3 billion more than the current net worth of world’s richest man Bill Gates.
 

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