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.