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.
Obviously most of us are addicted to facebook, and our addiction simply puts a man on the world map of billionaires.
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