Saturday, January 30, 2016

Mark Zuckerberg is Now the Sixth Richest Person in the World


While many of us are concerned about how were going to afford next months rent, Facebook founder and CEO Mark Zuckerberg doesnt have such worries (probably never had). He is now the sixth richest person in the world, according to the Bloomberg Billionaire Index. His net worth reportedly soared overnight, bringing him to a perfectly acceptable $47 billion.

The Facebook CEO is now worth an estimated $47.5 bn after his fortune rose $6 bn in trading on Thursday, according to Bloomberg. This is $1.5 bn higher than the estimated net wealth of the Koch brothers.

Bloombergs data suggests that Zuckerberg has even surpassed the likes of Charles and David Koch, two billionaire moneybags notorious for their contributions to the Republican political party. Zuckerberg now more closely trails other tech entrepreneurs such as Bill Gates and Jeff Bezos, though he still has a long ways to go if he expects to exceed Gates net worth of $78 billion.


This news coincides with Facebooks 10-percent stock surge, which resulted in sales of $5.8 billion for the quarter and $18 billion for the 2015 fiscal year in general. This hugely exceeded Wall Streets estimates, mainly because it wasnt expected that mobile advertisements would prove so lucrative for the social media proprietor. In fact, S&P Capital IQ analysts only predicted revenue of $5.37 billion for its Q4 2015 earnings.

This news comes a little less than two months after Zuckerberg and his wife, after giving birth to their baby daughter, revealed their plans to give 99 percent of Facebooks shares to a charity with the goal of advancing human potential and promoting equality. At the time, the shares were priced at a still-grandiose $45 billion.

The top six are:

1: Bill Gates    $78.0 bn   

2: Amancio Ortega    $69.7 bn   

3: Warren Buffett    $59.4 bn   

4: Jeff Bezos    $55.8 bn

5: Carlos Slim    $48.6 bn   

6: Mark Zuckerberg    $47.5 bn   

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