The astronomical increase in shares has padded the net worth of Mark Zuckerberg, the founder and CEO who holds roughly 17% of Facebook’s outstanding shares and a majority of its voting rights by $3.5 billion.
The 33 years old billion adjuded by Forbes Magazine as the sixth-richest person on the planet is now worth a record high of an estimated $66.7 billion.
Zuckerberg is the only person within the age thirty bracket to rank in the top 50 richest people on the planet.
Facebook was founded by Zuckerberg in 2004 then a sophomore at Harvard but later dropped out. It started as a small social networking platform for Ivy League universities but has grown into a giant company with more than 2 billion monthly active users according to available data.
The Facebook founder is not the only technology billionaire to have a lucrative week. The net worth of Bill Gates, the planet’s wealthiest individual, rose $900 million to an estimated $90 billion.
Amazon founder, Jeff Bezos, the world’s second-richest person also did spectacularly well as his fortune jumped $1.9 billion, to an estimated $85.2 billion.