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Facebook Just Made Mark Zuckerberg The 6th Richest Person in The World

By January 29, 2016 at 4:10 am
Mark Zuckerberg (Photo : Justin Sullivan/Getty Images)

Facebook's stock went up to 12 percent as per the social network's earning report this quarter.

Facebook CEO Mark Zuckerberg just beat Oracle Chairman Larry Ellison's net worth a few hours after trading, according to Forbes. From $4.85 billion of Zuckerberg's net worth, it jumped to $46.25 billion in an instant, as per the quarterly earnings report of the company.

Ellison, who currently has a net worth of $43.6 billion, dove down behind Zuckerberg by over $2.5 billion.

Facebook announced on Wednesday about its achievement of beating the revenue and earning expectation in the fourth quarter of last year. The revenue exceeded 52 percent of the forecasted amount with a mobile revenue at 80 percent, which totals $5.94 billion. Facebook users also increased substantially by 17 percent in the previous year.

The 31-year-old businessman has been on the top 10 wealthiest people and is the youngest among all. In September 2015, Forbes included Zuckerberg as one of the richest in the United States. He was included in Forbes 400 richest people in 2009 with a net worth of $2 billion, a few years before FB IPO in May 2012.

Currently, he is the 6th richest person in the world.

Zuckerberg just went back to work on Monday after a two-month paternity leave and started to joke about his uniform. He also began an online topic about parental leave and what everyone has experienced after the birth of their baby, The Business Insider reports.

"It won't matter what you wear because all you'll be able to think about is your precious baby girl while you're at work." Commented Monika Schmitt Clinch "Good luck at your first day back at work - hopefully you won't be too sad. That's going to be a toughie. I feel for you."

Last year, the world was surprised when the Facebook CEO announced donating 99 percent of his Facebook shares to Chan Zuckerberg Initiative. 

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