Mark Zuckerberg Facebook co-founder and CEO surpassed oil magnates to become the sixth wealthiest person in the world as the company’s stock soared 13%.
The previous day The company reported a 52% rise in fourth-quarter sales while its net income saw a twofold increase to $1.56 billion. These earnings beat street estimates, resulting in the rise in shares.The stock price raise maid him richer in $6 billion in one day.31 years Mark Zuckerberg is now $47.5 billion owner
According to Bloomberg data the only people wealthier than Zuckerberg,, are: Microsoft co-founder Bill Gates ($78 billion), Zara founder Amancio Ortega ($69.7 billion), the Oracle of Omaha Warren Buffett ($59.4 billion), Amazon founder & CEO Jeff Bezos ($55.8 billion) and telecom magnate Carlos Slim Helu ($47.5 billion).
Zuckerberg made two major life changes in May 2012. Facebook had its initial public offering, which raised $16 billion, making it the biggest internet IPO in history. How Zuckerberg’s company will handle this influx of cash remains to be seen. But Zuckerberg may be looking at more acquisitions. He personally negotiated the company deal to buy Instragram.
After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading. But Zuckerberg is expected to weather any ups and downs in his company’s market performance. He holds more than a quarter of its stock and retains 57 percent control of the voting shares.
In May 2013, Facebook made the Fortune 500 list for the first time making Zuckerberg, at the age of 28, the youngest CEO on the list.
In November 2015, Zuckerberg and Chan welcomed a daughter, Max, and Zuckerberg announced he would be taking two months of paternity leave to spend with his family. He and his wife also pledged in an open letter to their daughter that they would give 99 percent of their Facebook shares to charity. “We are committed to doing our small part to help create this world for all children,” the couple wrote in the open letter that was posted on Zuckerberg’s Facebook page. “We will give 99% of our Facebook shares currently about $45 billion —during our lives to join many others in improving this world for the next generation.