Mark Zuckerbrg Made $24.5 Billion in 2013
Mark Zuckerberg did well last year. Being only 29 year old, he’s made an impressionable career for himself. In recent years, he also made a remarkable change for the better – becoming a humanitarian and a reputable philanthropist.
The Facebook cofounder and CEO’s net worth increased by $12.4 billion last year, the largest gain of any current tech exec, not counting Bill Gates, according to data released this week from Bloomberg Billionaires Index. Zuckerberg is currently worth more than $24.5 billion.
This time last year, Facebook CEO Mark Zuckerberg’s net worth was diminishing. After his company’s disappointing initial public offering in May 2012, this executive was worth $9.4 billion, down approximately $8.1 billion in the three months following Facebook’s debut on the Nasdaq.
That increase in his net worth was driven by Facebook’s stock, which doubled for the year. Facebook stock started the year at $27.44 a share and ended at $54.65, thanks to renewed optimism for the company’s ability to monetize on mobile and growing confidence in the social space in general.
To his credit, Zuckerberg has taken steps to rebuild his reputation. He’s give some of the money he’s earned back to the community and those in need. For the second year in a row, he and his wife Priscilla Chan donated 18 million shares to charity. This year, those shares are worth almost $1 billion. On December 9, 2010, Zuckerberg, Bill Gates, and investor Warren Buffett signed the “Giving Pledge” promise, in which they promised to donate to charity at least half of their wealth over the course of time, and invited others among the wealthy to do the same. He’s probably trying to improve his image – one that was tarnished by several lawsuits, and of course, the movie Social Network.
Mark Zuckerberg Short Bio:
Born on May 14, 1984, in White Plains, New York, Mark Zuckerberg co-founded the top social-networking website Facebook out of his college dorm room. He left Harvard after his sophomore year to concentrate on building the site, the user base of which has grown to more than 250 million people, making Zuckerberg a now billionaire.
Zuckerberg made two life changes in May 2012. Facebook had its initial public offering, which raised $16 billion, making it the biggest internet IPO in history. How Zuckerberg’s company will handle this influx of cash is still speculative. But Zuckerberg may be looking at more acquisitions. He personally negotiated the company deal to buy Instragram in 2013.
On May 19, 2012—a day after his company went public —Zuckerberg wed his longtime girlfriend, Priscilla Chan. About 100 people gathered at the couple’s Palo Alto, California home. The guests thought they were there to celebrate Chan’s graduation from medical school, but instead they witnessed Zuckerberg and Chan exchanging their vows.
