Monday, 3 December 2012

Mark Zuckerberg made $3.5 billion last month Last Month


He made N3.5 billion in just one
month. Facebook's stock shot up from
$21.08 a share on the first day of trading in
November to $28 a share at the end of the
day Friday, its highest price since July.
Zuckerberg, who owns about 504 million
shares of Facebook stock, gained about
$3.48 billion as a result...
When Facebook first went public at $38 a
share in May, Zuckerberg’s shares were
worth $19.1 billion. In the following months,
the stock dropped to less than half that IPO
price to $17.55 in late August, pushing
Zuckerberg’s net worth down to $8.84
billion.
Since then, Facebook’s stock has recovered
in fits and starts and so has Zuckerberg’s
wealth. November proved to be by far the
most robust growth month for the stock to
date, thanks to two big factors. First, the
company had a strong earnings report in late
October, which showed that Facebook was
making progress in monetizing mobile.
Secondly, the second and largest lockup
period for stocks held by employees finally
expired in the middle of November, which
was something investors had been dreading
for months and arguably held down the stock
price.
As of last Friday, Zuckerberg’s net worth was
$14.1 billion and will likely only continue to
grow in December hopefully.


Mark Elliot Zuckerberg (born May 14, 1984) is an American computer programmer and Internet entrepreneur. He is best known as one of five co-founders of the social networking site Facebook. Zuckerberg is the chairman and chief executive of Facebook, Inc.[5][6]
Born and raised in New York state, Zuckerberg took up writing software programs as a hobby in middle school, beginning with BASIC, with help from his father and a tutor (who called him a "prodigy"). In high school, he excelled in classic literature and fencing while studying at Phillips Exeter Academy.






Source- New York Times

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