Mark Zuckerberg gets $3.8 billion richer, quickly

Facebook's latest earnings set the stock soaring, giving the CEO's personal fortune a nice boost in one day.

By Jonathan Berr Jul 26, 2013 9:40AM
Facebook (FB) CEO Mark Zuckerberg has gotten the best of his naysayers who questioned whether his hugely popular social network could compete in the mobile world, and now he has the bank balance to prove it.

Thanks to a nearly 30% leap in the company's stock price Thursday, Bloomberg News estimates Zuckerberg's fortune swelled by $3.8 billion, which coincidentally is the same amount that AT&T (T) reported in net income in its most recent quarter and the size of Philadelphia's budget.
Keep in mind that figure is based on Thursday's jump in Facebook's stock, and many Wall Street analysts believe the shares have more room to run.

Mark Zuckerberg (© Noah Berger/Bloomberg via Getty Images)Zuckerberg, 29, has eclipsed Microsoft (MSFT) co-founder Steve Ballmer, 57, and Dell (DELL) founder Michael Dell, 48, on the Bloomberg Billionaires Index. (Microsoft owns and publishes moneyNOW, an MSN Money site.) He now ranks 42nd, with a net worth of $16.8 billion. Zuck's fortune is up by 37% so far this year.
 
That's not too shabby for someone whose company was written off as irrelevant as recently as a few months ago.

Zuckerberg and his wife, Priscilla, have said they'll donate most of their fortune to charity. In 2011, he pledged $100 million to the Newark, N.J., school system. And the Silicon Valley Community Foundation got almost $500 million in Facebook stock from the billionaire in December.

Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.


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56Comments
Jul 26, 2013 11:16AM
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I give this young man a lot of credit for starting to give back at age 29, regardless of how rich he may be it should be commended. Its one thing to say how easy it would be to donate money if you were rich, it is quite another to actaully let go of the purse strings.
Jul 26, 2013 11:45AM
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We should give him credit no matter whether we like him or not.  At 29 I don't know many who would give like he has, rich or not.  A lot of people, young or old want what they can get for free out of life.  Good for you young man!
Jul 26, 2013 11:30AM
Jul 26, 2013 10:22AM
Jul 26, 2013 3:17PM
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I cant believe he is worth that much, Facebook is so freaking stupid and i cant believe how much time people waste on that crap staring as useless posts.  Seriously PEOPLE GET THE F off the couch and your phone and go do something.
Jul 26, 2013 11:34AM
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Typo:  He eclipsed Co-Founder of Microsoft Paul Allen, not Bill Gates.

Jul 26, 2013 1:44PM
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Giving money to Newark schools is like throwing money down the drain.  The corrupt school officials will siphon that money off into their pockets while the kids get nothing.  His heart is in the right place however.
Jul 26, 2013 1:10PM
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Facebook is still doomed to follow it's predecessors (i.e. MySpace) and will be replaced by the next latest and greatest fad site.  People are already getting bored with it and recent surveys and traffic analysis shows it is already on the decline.  Anyone who paid 36+ a share on the IPO were fools and will never see their investments back.  Good luck Facebook, you're going to need it!
Jul 26, 2013 2:31PM
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Nice to see somebody who is very rich giving some of it back to the people. 
Jul 26, 2013 11:18AM
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And to think, I had nothing to do with it.

Jul 26, 2013 12:59PM
Jul 26, 2013 12:20PM
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"16.8 Billion" I dont think I could possibly spend that kind of money unless I was interested in buying Australia. Ill bet the NSA contributed quite a bit to that. Why do people purposely put all their information including friends, lifestyles, places they go, personal information on the internet? Seems silly to me. Hey Mark, umm... can I have a donation? A couple mil would be just fine with me.
Jul 26, 2013 5:34PM
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Is he just stock paper rich or cash rich? He pays donation by giving stock....I need some of that if I can pay my bills with it. It reminds me of when my bank said my house was worth $460k, then 6 months later...oops...we meant $150k our bad. So unless it is in spendable form...don't count on it. Nothing is every guaranteed, but it sure sounds and looks good, heck even gold can take a turn for the worst.

Jul 27, 2013 9:27AM
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Funny, all of you "people" talk about how you don't want to government to be able to track your movements, yet you'll plaster your personal life all over this garbage website for everyone and their grandma to see.  Too bad you're all to much of a bunch of backbirths to understand hypocrisy.

Jul 27, 2013 12:36AM
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I dumped my facebook account yesterday because of the annoying repeated requests from facebook to use my GPS settings on my smartphone. For Mark to want to know where I am at any given moment was too much.  
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and the Jewish guy will continue to get richer through all of you guys that have a Facebook account and support his company with your subscriptions.I used to have a Twitter account,but I had to close it 'cause I realized that meeting people through these social networks is just a complete waste of time.

if you wanna meet people,all you have to do is just to go out more often or socialize with your co-workers outside work.I never opened an account with Facebook and never will. 

Jul 27, 2013 9:39AM
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Man it must be nice to be that rich, what do you do with all those hundreds you'll never see?

Jul 27, 2013 2:52PM
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nice gesture but wouldn't it help to donate locally/California-wide? 
Jul 27, 2013 12:26PM
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This one of THE most disgusting company that threatens humanity and our US Constitution. This and others like it, track you, steal personal information, and sell your life. They actually used the images of CHILDREN without the parents consent and claimed to own your data and pictures posted on their garbage systems. Their ONLY purpose is to steal your personal information and SELL IT!!!!!!

Wake up people, close your accounts and get off their despicable and thieving systems.
Jul 30, 2013 11:54PM
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Hey Mark, Can I have a job? Tell me where I can send a resume.
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