Mark Zuckerberg’s Net Worth Soars $5 Billion In First Weeks Of 2017

By on January 16, 2017
Mark Zuckerberg's Net Worth Soars $5 Billion In First Weeks Of 2017

Mark Zuckerberg’s Net Worth Soars $5 Billion In First Weeks Of 2017

In the first two weeks of 2017, Mark Zuckerberg’s net worth swelled by some $5 billion, a faster gain than rival billionaires, according to Forbes, and enough to recoup the losses that the Facebook founder suffered in the immediate wake Donald Trump’s election win.

Facebook’s shares are inching closer to October’s all-time high of above $133. They have also more than recouped the losses that the world’s biggest social media platform suffered right after Donald Trump’s election as President of the United States. Zuckerberg’s net worth fell at that time by roughly 7 percent, to $49 billion.

Part of the reason that Facebook’s stock fell was the whole fake news scandal. Many people claimed that the proliferation of fake news affected the outcome of the 2016 Presidential elections and Mark Zuckerberg was personally called to task for not doing more to improve Facebook’s news feeds.

Then there was also the accusation last summer that some of the people who work on the Facebook news feeds had manipulated them in favor of their personal political biases.

Fortunately for Mark, Americans have notoriously short memories.

Mark Zuckerberg is now worth an estimated $53.8 billion, according to Forbes’s real-time rankings of the world’s billionaires. That makes him the fifth-richest person in the world, right behind Facebook investor Bill Gates, Warren Buffett, Jeff Bezos and Amancio Ortega of Spain, each of whom is worth more than $70 billion.

Zuckerberg is the only billionaire whose personal fortune consistently rises year after year since he was 19-yeas-old, when he founded Facebook on a lark as a college student. He never finished his education at Harvard, having dropped out to start Facebook. So kids — stay in school.

In 2016 he reached the top five on The Forbes 400 for the first time, placing fourth behind Gates, Buffett and Bezos.

About Staff

To contact the editors responsible for this story: [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *