New Delhi: Mark Zuckerberg, co- founder and CEO of Facebook has exceeded oil magnates Charles and David Koch to become the sixth wealthiest person in the world as the companys stock mounted 13%.
In fourth-quarter sales on Thursday the social networking company reported a 52% rise, while its net income has increased to $1.56 billion. These earnings beat street estimates, resulting in the rise in shares.
This stock price raise maid him richer in $6 billion in one day.31 years Mark Zuckerberg is now $47.5 billion owner.As most of Zuckerbergs fortune is tied to his holdings in Facebook.
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) are the people who are wealthier than Zuckerberg, according to Bloomberg data.
The five richest people in the world have seen their wealth decrease over the past year majorly.