Mark Zuckerberg Adds $9b To His Fortune Annually And Here’s How

Exactly five years have passed since Facebook had its glitch-riddled debut on the Nasdaq.

Each year since then, CEO Mark Zuckerberg has added an average $9 billion to his net worth, building his wealth up to $62.3 billion today. Based on the Bloomberg Billionaire’s Index, 33-year-old Zuckerberg is the fifth-wealthiest person in the world — largely thanks to the appreciation of his Facebook stock holdings.

At the social media company’s debut half a decade ago though, it would’ve been easy to doubt Zuckerberg’s ability to rank in the world’s 10 wealthiest. Four days after the CEO turned 28, Facebook much-hyped about IPO finally hit markets — as a dud. Thanks to technical glitches, Facebook didn’t begin trading until 11:30 a.m. that Friday, priced at $42.05 a share. But by the end of the day, it had dropped as low as $38 as investor confidence began to wane.

In that single trading day, Zuckerberg’s stake in the company had fallen from $19 billion when the stock began trading, to $17 billion at the market’s close. And the losses didn’t stop there. After the company reported a weaker than expected quarter following its first ever earnings call as a publicly-traded company in July, the CEO’s worth had fallen to $11.9 billion.

But Facebook has certainly proved its doubters wrong since. Under Zuckerberg’s leadership, shares of the company have risen some 282% since its IPO.

Read the full story on Fortune’s website

Previous Post

Facebook Is Fined 110m Euro By European Regulators For “Misleading” It In The 2014 WhatsApp Acquisition

Next Post

App Store Users Have Spent Over $100b Since The Service Was Launched In 2008

Related Posts