Facebook’s Mark Zuckerberg Now Richer Than Google Guys
Ren Benavidez | | Jul 25, 2014 04:01 AM EDT |
(Photo : REUTERS/Albert Gea) Facebook Chief Executive Officer Mark Zuckerberg smiles in the stage before delivering a keynote speech during the Mobile World Congress in Barcelona February 24, 2014.
After Facebook Inc closed at the stock market on Wednesday, Zuckerberg's net worth increased to a staggering US$33.3 billion, putting him above the Google founders Larry Page and Sergey Brin, and Amazon's CEO Jeff Bezos on Bloomberg's Billionaires Index.
Google co-founders Brin, 40, and Page, 40, took the 17th and 18th spot in the Billionaires Index, respectively, while Bezos, 50, occupied the 20th spot. Zuckerberg, 30, was on the 16th place.
Like Us on Facebook
"The Facebook Effect" author David Kirkpatrick said Zuckerberg is just getting started and will become the richest person alive.
"The company's success is growing by the minute," Kirkpatrick said. "There's no sign it's going to slow anytime soon."
Analysts estimated Facebook's second quarter sales to be an average of US$2.81 billion, but their expectations were exceeded when the second quarter reports came in showing sales of US$2.91 billion, which is 61 percent higher than the previous quarter.
Based on the Standard and Poor's 500 Index, Facebook showed the biggest gain in sales making a 13 percent jump within a year.
The California-based company had a net income of US$791 million, which is more than double than the last period.
More than 5.8 percent of all digital ad revenue in the world for 2013 comes from Facebook. The digital ad revenue record is 30 percent higher than their 2012s ad revenue.
Aside from Zuckerberg, Facebook's success also increased the net worth of its other shareholders.
Facebook's COO Sheryl Sandberg, 40, became one of the world's youngest female billionaires in January after receiving more than US$550 million in share sales on top of her US$740 million company stake.
TagsMark Zuckerberg
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?