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Facebook Co-founder Mark Zuckerberg Now The 3rd Richest Man In Technology Sector

Facebook founder Mark Zuckerberg’s personal fortunes have soared, thanks to investment fund GSV,0 225,000 shares in Facebook at an average price of $29.28 each and this stake values the popular social networking site at about $70 billion. Facebook co-founder and CEO Mark Zuckerberg’s net worth has passed $18 billion and he is now the third richest man in the technology sector……….

 

Facebook‘s valuation is up to $70 billion with making Zuckerberg approximately worth $18 billion, which means that the Facebook CEO is the third-richest man in the tech sector, only behind Bill Gates and Larry Ellison. For some perspective: Boeing’s market valuation was $53.5 billion this morning and basedon the new investment, Forbes estimates the 27-year-old is now worth about $18 billion. That blasted him past Google co-founders Larry Page and Sergey Brin, whose worth Forbes reckons has dropped to about $17 billion each down from $19.8 billion in March. That also makes Zuckerberg the third-richest person in tech, behind just Bill Gates ($54 billion in March) and Oracle CEO Larry Ellison ($39.5 billion in March). Zuck also is now richer than Amazon.com CEO Jeff Bezos ($18.1 billion), Dell CEO Michael Dell ($14.6 billion), Microsoft co-founder Paul Allen ($13 billion) and Apple CEO Steve Jobs ($8.3 billion), according to Forbes’ March list. Considering Microsoft once tried to acquire Facebook for $15 billion, it seems Zuckerberg made the right decision to hold onto his social networking company. Instead, in 2007, Ballmer made a deal to pay $240 million for a sliver of Facebook: 1.6 percent.

 

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