Move Over Slim, Zuckerberg Now World’s 5th Richest IANS
go to original July 28, 2017

Carlos Slim and Mark Zuckerberg (Milenio)

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 on Thursday. This increase of more than $3 billion 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.

Read the rest at Telangana Today

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Related: Facebook’s Free Basics Violates Net Neutrality and Isn’t Even That Good, Says Report (The Verge)

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