Facebook’s Mark Zuckerberg Rises To Sixth Richest Man On Earth


In a recent turn of events, Mark Zuckerberg’s fortune rose by $5.5-billion in early stock market trading yesterday as the world’s biggest social network (Facebook) delivered another quarter of record revenue.

31-year-old Mark Zuckerberg is a busy man who between paternity leave and promoting Free Basics this last quarter, has managed to assemble a net worth of $47.5 billion, to become the sixth richest man on the planet.

See Also: South Africa To Welcome Dunkin’ Donuts And Baskin-Robbins Franchises

According to Bloomberg Billionaires Index, the 31-year-old co-founder of Facebook has managed to surpass the $45.9 billion holdings of brothers Charles and David Koch by raising $6 billion on Thursday thereby rising to the sixth position on the list of richest men in the world. The Koch’s businesses have been hit by lower oil prices.

On Wednesday Facebook reported that fourth-quarter sales were up 52% to $5.84-billion and net income had doubled a lot more to $1.56-billion from a year earlier.

From his Facebook timeline, It’s clear that Mark Zuckerberg has made some interesting choices when it comes to his lifestyle. This might have something to do with his success because he doesn’t live a fancy life that costs a fortune to maintain. An example is his wardrobe which he simplified into a collection of t-shirts and sweatshirts of the same colour so that he doesn’t have to waste time picking out clothes every morning.

See Also: Cell C Says MTN And Vodacom Declared War on Consumers With WhatsApp Regulation

The five billionaires ahead of Mark Zuckerberg in the ranking are – Bill Gates, Amancio Ortega, Warren Buffett, Jeff Bezos and Carlos Slim. They have collectively lost a combined $24-billion as global equities slumped amid dimming investor expectations of global growth.

His drive to the title of America’s fourth richest was the result of Facebook delivering a record revenue over the last quarter.

But as a father, Mark Zuckerberg has not taken anything for granted. From a visit to the doctor’s to first attempt at swimming, the Facebook CEO has spent quality time with his daughter while the company drove the revenues to greater heights.