Excite

Mark Zuckerberg net worth

Most of you probably know what Facebook is whether you have an account on the social network or heard from friends who use the site. With nearly 1.3 active users in a month, the social platform is a great success. We discuss how the triumphs of the social site affected Facebook creator and founder Mark Zuckerberg net worth.

The beginning

Started in 2004, Facebook began as a simple social site where friends could connect. It was founded by Mark Zuckerbeg and his buddies, Dustin Moskovitz, Chris Hughes, Eduardo Saverin, and Andrew McCollum, all from Harvard University.

Today, it is a platform where family members, friends, colleagues and even strangers could connect. As the years passed, several modifications were introduced to the site. Facebook also became a platform for advertisers and businesses to increase their reach.

On 1 February 2012, Mark Zuckerberg opened Facebook shares to the public. With the $5 billion income of the company in 2012, Facebook was put in the list of Fortune 500 placing 462. This move even increased the value of the social media giant.

  • Mark Zuckerberg net worth

With all these lucrative opportunities, Facebook is one of the hottest shares to own at the moment. It also made founder Mark Zuckerberg the 16th richest person in the world. His net worth is estimated at $33.3 billion.

In July 2014, there was a surge in Facebook stocks which earned its founder a cool $1.6 billion in one day. Apparently, the rise in the value of Facebook stocks is phenomenal increasing by as much as 183%. Zuckerberg is even ahead of Google founders, Larry Page and Sergey Brin as well as Amazon CEO, Jeff Bezos.

Other people are also benefitting from the success of Facebook. For example, co-founder Dustin Moskovitz is worth $6 billion or more. Sherly Sandeberg, the chief operating officer of Facebook owns roughly $740 million worth of shares in the company.

Personal assets

The spike in Facebook shares is not likely to stop anytime soon. It is a hot commodity which is wanted and loved by users. With the heat on, Mark Zuckerberg net worth is not also going to decrease. If anything, expect Zuckerberg to increase his personal assets and climb up the ladder of the world’s richest people.

United Kingdom - Excite Network Copyright ©1995 - 2017