Mark Zuckerberg is now richer than each of Koch brothers

Bloomberg reported that Zuckerberg’s wealth soared by $6 billion Thursday after Facebook reported a stellar quarter with record revenue.

As Facebook’s stock rose on the news, his net worth grew to $47.5 billion. That ranks him No. 6 on Bloomberg’s list of the wealthiest people in the world.
He leapfrogged Charles and David Koch, who run the conglomerate Koch Industries and who are known for their active support of Republican candidates. The Kochs are each worth $45.9 billion.

Zuckerberg still trails Microsoft  founder and philanthropist Bill Gates, who is worth $78 billion, Spanish fashionista Amancio Ortega ($69.7 billion), Berkshire Hathaway (BRKA) investor Warren Buffett ($59.4 billion), Amazon CEO Jeff Bezos ($55.8 billion) and Mexican tycoon Carlos Slim ($48.6 billion).
Facebook’s share price surged 15% on Thursday. The company’s market cap is now at $308.5 billion, just shy of Berkshire Hathaway’s $310.2 billion.

Even as Zuckerberg climbed in the rankings, the global stock slide has hit the world’s richest people particularly hard. The world’s wealthiest seven people lost a combined $19 billion this month, according to Bloomberg

Advertisements