Facebook founder and CEO Mark Zuckerbergs net worth has jumped by - TopicsExpress



          

Facebook founder and CEO Mark Zuckerbergs net worth has jumped by $3.1 billion to $29.7 billion after the social networking giants shares surged on strong fourth quarter performance. According to Wealth-X , a global wealth intelligence and prospecting company, Zuckerbergs net worth increased substantially after the company announced its 2013 fourth quarter earnings after market closes. Zuckerbergs net worth is calculated after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate, and is based on the most recent publicly available disclosure of his shares and options in the Menlo Park social network firm, a Wealth-X release said. It added that the 29 years old Zuckerbergs current fortune equates to more than $1 billion for every year he has lived. The companys shares surged 12% to $59.98 in the after-hours trading on strong 2013 mobile ad revenues. Mobile ad sales rose to 53% of revenues from 49% in the previous quarter. According to the latest quarterly report, the companys profits stood at $523 million, up $64 million from the year ago period. Revenue grew 63% to $2.59 billion. At present, the social networking site has 1.23 billion monthly active users and 757 million daily active users.
Posted on: Thu, 30 Jan 2014 16:09:45 +0000

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