Facebook Inc (NASDAQ:FB)’s Zuckerberg Becomes World’s Fifth Richest Person Toppling Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Jeff Bezos
Facebook Inc (NASDAQ:FB)’s CEO Mark Zuckerberg has risen in the positions of the world’s richest persons in the last week surpassing two tech moguls to obtain his highest position yet as the world’s fifth wealthiest person.
Zuckerberg overtook Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Jeff Bezos to claim the spot of the fifth wealthiest person in the world. This happened after he replaced Oracle Corporation (NYSE:ORCL) Chairman Larry Ellison as the world’s sixth richest person.
As per Forbes’ estimates Zuckerberg is valued at $50 billion now. He is just $200 million behind the world’s fourth wealthiest person, Mexico’s Carlos Slim Helu. Zuckerberg’s wealth has surged by $8.6 billion after Facebook’s impressive fourth quarter earnings report in late January. Facebook stock has increased by over 21% since then.
Bezos is not doing too well lately. On January 28, Bezos lost over $6 billion in after-hours trading as Amazon stock dipped after the organization fell short of analysts’ expectations in its fourth quarter earnings. Since January 28, Amazon stock has continued to tumble, falling as much as 13%.
At the end of February 1, Bezos retained his position as the world’s fifth wealthiest person, with a value of $600 million more than Zuckerberg. However on Tuesday, his net worth decreased by almost $2 billion as Amazon stock decreased by 4% that put Zuckerberg ahead of Bezos. The Amazon’s CEO has a net worth of $48.9 billion presently.
Bezos first figured in 1998 on Forbes’ ranking of The 400 Richest Americans having been valued at $1.6 billion. In 2009, Zuckerberg who was valued at $2 billion joined the Forbes 400.
Microsoft Corporation (NASDAQ:MSFT)‘s Bill Gates is the world’s richest person with a net worth of $78.7 billion. Spain’s Amancio Ortega who heads Inditex the world’s biggest clothing retailer and parent of the Zara chain is the world’s second richest person being valued at $69.3 billion. US investor Warren Buffet is the world’s third richest person with a net worth of $59.6 billion.
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Zuckerberg is the sole individual among the world’s five wealthiest persons whose fortune has soared this year. Half of the ten richest persons in the world have earned their fortunes in technology.