Mark Zuckerberg becomes the sixth-richest person on Earth

image
The Facebook Inc. founder saw his fortune rise $6.2 billion in trading Thursday after the world’s biggest social network delivered another quarter of record revenue. That gives the 31-year-old a net worth of $47.6 billion at 1:15 p.m. in New York, enough to surpass the $45.9 billion holdings of brothers Charles and David Koch, according to the Bloomberg Billionaires Index.
Facebook reported on Wednesday that fourth-quarter sales were up 52 percent to $5.84 billion and net income had more than doubled to $1.56 billion from a year earlier. More than 1.59 billion users are now logging on every month, according to the company.
Thursday’s surge turned a year-to-date decline of more than $4 billion for Zuckerberg into a $1.9 billion gain for the year and pushed him above the Kochs, whose industrial holdings have been hit by lower oil prices.
The five billionaires that remain above the tech entrepreneur in the ranking — Bill Gates, Amancio Ortega, Warren Buffett, Jeff Bezos and Carlos Slim– have lost a combined $24 billion so far this month through Wednesday trading as global equities slump amid dimming investor expectations of global growth.

Billionaire Net Worth Change YTD

Bill Gates $77.9 billion -$5.9 billion
Amancio Ortega $70.2 billion -$2.7 billion
Warren Buffett $59.1 billion -$3.2 billion
Jeff Bezos $51.9 billion -$7.8 billion
Carlos Slim $47.8 billion -$4.5 billion
Mark Zuckerberg $47.6 billion +$1.9 billion

Zuckerberg is now one of only three billionaires among the 20 richest people on Earth to see an increase this year, according to the Bloomberg index, a daily ranking of the world’s 400 richest people. The billionaires had a combined net worth of $3.7 trillion as of Jan. 27, a 14 percent decline from their peak of $4.3 trillion on May 18, 2015.
The index’s daily ranking updates every day at 5 p.m. in New York and does not reflect intraday changes.
Before it’s here, it’s on the Bloomberg Terminal.

Source: Bloomberg.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s