After the earnings report from Facebook, the net worth of Facebook’s Zuckerberg has increased this week. Already Facebook has started to compete with Google advertising program that in turn increases the income for Facebook. This week has been favorable for the CEO Facebook, the stock market has increased the net worth of Zuckerberg and made him one of the world’s topmost millionaire.
Second quarter earnings states revenue growth of 61%, while comparing the last year and profit has increased more than double. The stock value of Facebook has been increased almost got highest record of $74. 98 on Thursday. While comparing with past twelve years, the shares of Facebook have been increased more than twice and in the meanwhile, the value of each share has been increased 38% from year to date.
The boost in revenue of Facebook has made Zuckerberg to become a wealthier guy with a net value of $33.3 billion and pushed him ahead of Google co-founder Larry page and Sergey Brin. Facebook guy has placed in the 16th position in the Bloomberg’s list of wealthier people in the world.
Not only Google co-founders, but also Mark Zuckerberg is ahead of Jeff Bezos, CEO of Amazon; and the saddest part is that, after the release of the Amazon earning report, more than $15 million of share value has been down. Bill Gates has a net worth of 84.7 billion dollars in the Bloomberg list.