It has been five years now when Facebook had to withstand a severe blow in its stock options. Yet the company’s CEO Mark Zuckerberg has successfully managed to raise his net worth by $9bn per year every year!
33-year old the world’s fifth wealthiest as well the youngest tech billionaire is worth of $62.3bn now, according to the Bloomberg Business Index. Four days after he turned 28, Facebook stirred a hype regarding its IPO in the stock market.
Early challenges faced by Facebook
Unfortunate for Facebook that its hype dissipated soon due to technical problems it had to overcome; as a result, its stock($42.05/share) was not available till 11.30am on that same day. However, the face value trickled down as low as $38-a-share later that day.
The dark clouds seemed to get darker indeed for Zuckerberg whose net worth dropped to $11.9bn after the loss.
Despite the losses, in the beginning, Zuckerberg’s leadership has also raised the stock price by 282% since the IPO. Right now, its number of active users has risen to 1.3bn per day through its Messenger app, which is 17% of the entire global population. In 2012, the number was only half of what it is now.
Zuckerberg revealed an ingenious idea to other investors
Mark Zuckerberg clearly proved how monetization of social media could be turned possible by offering exposure to other businesses and also by selling customer information; of course, everything comes with a price.
Facebook has acquired a market capital value of $426bn with revenue and income $28bn and $10bn respectively since 2011.
According to Matt Cohler an ex-employee of Facebook and venture capitalist at Benchmark,
“He maintains a relentless focus on innovation, but at the same time he’s an applied-science and engineering guy”
As per the given statement, it seems pretty obvious why Facebook is heavily investing into AI and virtual reality. We can only wait to find out more about the classy and hi-tech toys owned by Zuckerberg.
The wealth Mark Zuckerberg has managed to acquire over the years is not meant for himself only, as his family is now entitled to pay 99% of their net worth in 2015.
Image Courtesy: CNBC
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