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Showing posts with label Mark Zuckerberg the 29th richest person on earth. Show all posts
Showing posts with label Mark Zuckerberg the 29th richest person on earth. Show all posts

Sunday, May 20, 2012

Facebook IPO makes Mark Zuckerberg 29th-richest person on Earth

$19.1 billion dollars. That's how much Mark Zuckerberg is worth after Facebook Inc. sold 421.2 million shares valued for $38 each on Thursday.
Not bad for a guy who just celebrated his 28th birthday Monday.
Zuckerberg, who first showed up on Forbes' billionaires list in 2008 with an estimated net worth of $1.5 billion, is now richer than Google co-founders Sergey Brin and Larry Page, Bloomberg reports.

Facebook: Road to IPO
However, he's not quite as wealthy as Microsoft founder Bill Gates, who is worth $60.4 billion, or Oracle's Larry Ellison, who is worth $34.2 billion, according to Bloomberg's Billionaires Index. For that matter, Zuckerberg is also worth less than Michael Bloomberg himself, who Forbes estimates is worth $22 billion.
Of course, Zuckerberg isn't the only person seeing a huge windfall from Facebook's $104.2-billion valuation. As Bloomberg reports:

Dustin Moskovitz, 27, who roomed with Zuckerberg at Harvard and was the company's first chief technology officer, is now worth $5.1 billion.

Eduardo Saverin, 30, who has created headlines this week when it was revealed that he renounced his U.S. citizenship, is now worth an estimated $2.7 billion.

Christopher Hughes, 28, who recently bought theWashington, D.C.-based magazine the New Republic, may now be worth $836 million.

And Facebook's Chief Operating Officer Sheryl Sandberg, 42, who owns 27 million shares -- including 25 million in restricted stock units -- is now a billionaire.