|By PR Newswire||
|February 5, 2014 02:30 PM EST||
NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Facebook co-founder Chris Hughes' net worth is "close to US$400 million," according to sources close to him who contacted Wealth-X on Wednesday.
Wealth-X had earlier estimated his personal fortune to be worth US$1.6 billion.
The sources say that Hughes has exercised nearly all of his Facebook stock options and his "current after-tax net worth is approximately US$400 million."
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)