Facebook founder Mark Zuckerberg just made $6bn on share price surge, making him world’s sixth richest person
Facebook investors will be patting themselves on the back after last night's share price surged more than 15.5 per cent, closing just shy of $110 per share.
But there's one among them who is probably feeling most pleased with himself: creator and owner of 28.8 per cent of the social media company Mark Zuckerberg, whose stake rose in value by around $6bn (£4.1bn) yesterday, CNN reports.
That has taken his net worth to around $47bn, making him the world's sixth richest person, leap-frogging Oracle founder Larry Ellison who is estimated to be worth around $44bn, according to Forbes.
Facebook's surge came on the back of better-than-expected results yesterday, with revenues from advertising jumping 57 per cent and full year revenue rising 44 per cent to $17.9bn.
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Shares in the social media giant have risen more than 185 per cent in the last five years – three times the Nasdaq's increase of 62 per cent. In the past year, Facebook's share price has climbed more than 40 per cent, while the index has fallen 5.3 per cent.