Facebook
founder Mark Zuckerberg has broken into the top twenty richest list after
increasing his wealth by more than 100 percent over the past year.
The Facebook
CEO leaped from a worth of $9.4 billion in 2012 to $19 billion in the latest
Forbes list that was released on Monday (16th September). This saw him move
from the 36th position last year to the 20th position this year on the Forbes
400 Richest Americans list.
 |
| Mark Zuckerberg. Image: bizpacreview |
This feat is
attributable to the rising stock of the social website. Facebook has seen its
shares rise more than 100 percent after a fall that saw the share go beyond
100% below its initial public offering of $38.
Facebook’s
shares have recovered since as it hit its initial public offering price of $38
in July this year. Facebook’s shares have been increasing since then and it
recently reached an all-time high of $45.
This was due
to the resurrection of faith in the company after it announced that 41 percent
of its second quarter earnings was from mobile devices. Investors had earlier
been wary of Facebook ability to utilize traffic from its mobile devices which
is increasing.
Not only Mark
was affected by Facebook’s rise which now places the worth of the company at
over a $100 billon, one of the co-founders, 29 year old Dustin Moskovitz was
also affected as he moved from a worth of $2.7 billion to $5.2 billion this
year.
Other tech
personalities that made the list includes: Microsoft co-founder Bill Gates
which came at the top of the list with a worth of $72 billion, Oracle founder
Larry Ellison came in at the third position with a worth of $41 billion.
Amazon
founder Jeff Bezos came in at 12th with a worth of $27.2 billion, Google
co-founder and CEO Larry Page came in at 13th with a worth of $24.9 billion
while his Google compatriot Sergey Brin came in at 14th with a worth of $24.4
billion.
Microsoft CEO
Steve Ballmer came in at 21st ($18 billion), Dell CEO Michael Dell is at 25th
($15.9 billion) while Microsoft co-founder Paul Allen came in at 26th ($15.8
billion).
Posts
Mark Zuckerberg now in the top 20 richest in the U. S.