Mark Zuckerberg - Facebook CEOToday’s Facebook IPO made a handful of Silicon Valley power players a whole lot richer, but none more so than the social network’s founder, Mark Zuckerberg.

At close of market, Zuckerberg’s shares in the company he created as a Harvard undergrad in 2004 were worth just over $20 billion, making the 28-year-old the third richest person in American tech, behind only Bill Gates and Larry Ellison.

Even if Facebook’ share price remains steady at around $38 — its price when it started trading on NASDAQ at 11am, and at the market’s 4pm close — Zuck will leapfrog his fellow internet billionaires including Google founders Sergey Brin and Larry Page and Amazon CEO Jeff Bezos on the next Forbes 400.

In March, the Facebook founder’s net worth was $17.5 billion. With a $20 billion net worth as of today, Zuckerberg has an edge over Amazon’s Bezos ($18.4 billion in March) and beats out Google’s Brin and Page ($18.7 billion apiece at the Forbes Billionaires list).

In fact, while today’s been a huge one for Zuck, the three older tech titans have seen a dip in their fortunes. Forbes recently started tracking daily gains and losses in the major public holdings of a select group of billionaires. As the market closed on Friday, Sergey Brin and Larry Page had lost well over $1 billion between them due to a 3.71% dip in Google’s stock. Amazon’s Bezos fared only slightly better, losing $400 million off a 2% dip in the online retail giant’s stock.

Of course, these peaks and troughs in the fortunes of the world’s richest people are hardly uncommon, and these three are likely to see their net worths rebound in the coming days. However, it’d take a miracle of the markets for either the Google billionaires or Bezos to outdo Zuck on the next Forbes 400 list.

Source: Forbes

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.