Soaring Stocks Add $3.4 Billion To Facebook CEO Mark Zuckerberg’s Piggy Bank
kryptos-byte: Facebook CEO Mark Zuckerberg earned $3.4 billion during the after-hours trading on Wednesday which escalated his total worth to 56.7 billion. This has happened following Facebook’s announcement of Q2 earnings.
A6.5% rise in Facebook’s stock price to $131.40 during the after-hours trading added $3.4 billion to Mr. Mark Zuckerberg’s bank account. This has increased his net worth to $56.7 billion pushing him a little upward in the list of richest people in the world.Interestingly, Mr. Zuckerberg currently stands on the fifth position in Forbes’ list of richest people.
This is a result of the 59% (6.44 billion) rise in Facebook’s revenue for Q2, outperforming the estimates of the analysts i.e. 6.02 billion.
Company’s mobile advertisement revenue has been the major contributor to this tremendous escalation. A profit of 51 cents/share has been observed against the estimated 57 cents/share amounting to $2.1 billion in total.
— via Forbes
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