SYS-CON MEDIA Authors: Lori MacVittie, RealWire News Distribution, Cynthia Dunlop, Mark O'Neill, Kevin Benedict

News Feed Item

UHNW Valuation Update - Mark Zuckerberg's Net Worth Rises to US$29.7 bn on Facebook's Q4 Earnings

NEW YORK, Jan. 29, 2014 /PRNewswire/ -- Facebook founder and CEO Mark Zuckerberg's net worth rose US$3.1 billion to US$29.7 billion, according to ultra high net worth (UHNW) intelligence provider Wealth-X, on Facebook's announcement of its 2013 Q4 earnings after market close on Wednesday.

Zuckerberg's net worth is calculated after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate, and is based on the most recent publicly available disclosure of his shares and options in the Menlo Park social network firm.

At 29 years old, Zuckerberg's current fortune equates to more than $1 billion for every year he has lived.

The company's shares surged 12% to $59.98 in after-hours trading on strong 2013 mobile ad revenues. Mobile ad sales rose to 53% of revenues from 49% in the previous quarter.

About Wealth-X

About Wealth-X Wealth-X is the definitive source of intelligence on the ultra wealthy with the world's largest collection of curated research on ultra high net worth (UHNW) individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, it has 12 offices on five continents. (www.wealthx.com).

SOURCE Wealth-X

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.