Friday, February 05, 2016

Facebook Owner Mark Zuckerberg Is 4th World Richest As Nigeria's Dangote Falls

The Facebook's proprietor, Mark Zuckerberg emerged world's fourth-richest person last Tuesday, as Facebook shares fended off plunging stock markets.

The 31-year-old founder of the dominant social network had a $US50 billion ($71 billion) fortune by the close of regular trading in New York. That vaulted him above America Movil's Carlos Slim and Amazon's Jeff Bezos on the Bloomberg Billionaires Index, a daily ranking of the world's 400 richest people.

Even with a 0.4 per cent decline for the day, Facebook is up 9.5 per cent in 2016, defying gloom across global equity markets. The California-based company reported results last week that beat analyst estimates, propelling Facebook to the fourth-most valuable company on planet earth. Google parent Alphabet and fellow tech giants Apple and Microsoft.

Zuckerberg's success has really been astonishing. Two weeks ago, he was 8th richest keenly followed by Google's co founder Larry Page who was worth USD37.2B. Then he climbed up to 6th and now the fourth richest at age 31. He first made the top 10 richest list in the second quarter of 2015 and since waxed stronger.

Elsewhere in Africa, Aliko Dangote who is Africa's richest is one of the most depreciating Billionaires on the Bloomberg's list. He is currently on the 66th spot with a net worth of USD12.1B.

Posted via #SeriousMata

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