Home
Social networking
Social networking News
Facebook CEO Mark Zuckerberg Becomes World's Fifth Richest Person: Fortune

Facebook CEO Mark Zuckerberg Becomes World's Fifth Richest Person: Fortune

By Indo-Asian News Service | Updated: 28 July 2017 11:46 IST

Highlights

Facebook CEO Mark Zuckerberg is now the fifth wealthiest man in the world
Zuckerberg's net worth hit $72.7 billion on Thursday
Facebook recently reached two billion monthly users across the globe

Following Facebook's second quarter earnings report that showed the company's stocks hit record high, CEO Mark Zuckerberg has achieved a personal milestone too, becoming the world's fifth richest person.

According to a report in Fortune on Thursday, Zuckerberg's net worth hit $72.7 billion (roughly Rs. 4,66,466 crores) on Thursday. This increase of more than $3 billion (roughly Rs. 19,248 crores) sent him past Mexico's Carlos Slim to become the world's fifth-richest man.

"Zuckerberg's wealth is largely tied up in Facebook stock, meaning it rises and falls along with the company's shares," the report noted.

The social networking giant has been showing positive results since the beginning of 2017. Its shares have risen more than 50 per cent and reached two billion monthly users across the globe.

According to Forbes' real-time rankings of the world's billionaires, Amazon's Jeff Bezos overtook Bill Gates to become the richest person in the world.

Bezos, who is also Chairman and Chief Executive of the Seattle-based company, was worth almost $91 billion after Amazon's share price rose more than one percent in morning trading in New York, the Independent reported.

That has put his fortune ahead of Microsoft co-founder Bill Gates. The latter has a net worth of around $90.7 billion (roughly Rs. 5,81,899 crores) and has been at the top of Bloomberg's rich list since 2013.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.