Soaring Stocks Add $3.4 Billion To Facebook CEO Mark Zuckerberg’s Piggy Bank


mark-zuckerberg-rich-ceoShort Bytes: 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.

A 6.5% 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

If you have something to add, tell us in the comments below.

Also Read: Great News For Apple Fans: iPhone Sales Hit 1 Billion Mark

Aditya Tiwari

Aditya Tiwari

Aditya likes to cover topics related to Microsoft, Windows 10, Apple Watch, and interesting gadgets. But when he is not working, you can find him binge-watching random videos on YouTube (after he has wasted an hour on Netflix trying to find a good show). Reach out at [email protected]
More From Fossbytes

Latest On Fossbytes

Find your dream job