Mark Zukerberg Earns $6.75 billion in One Day, Has Net Worth of $137 billion

Alt: = "photo of Mark Zukerberg, Facebook Founder"

He is the fifth richest man in the World 

Mark Zuckerberg, the 37-year-old tech billionaire behind Facebook, the world's largest social network, grew his net worth about $ 6.75 billion in one day, bringing him to an asset of $ 137 billion, according to data collated Dollar brings in from the Bloomberg Billionaires Index. 

The entrepreneur's holdings are currently more than 5 times more valuable than the eighth most valuable crypto, Dogecoin, which has a market cap of around $ 25 billion. 

Zuckerberg, the fifth richest person, has estimated his huge fortune on Facebook at around $ 134 billion in cash. It is estimated that the father of two young daughters buys around 75.6 million troy ounces of gold or 1.85 billion barrels of crude oil. Despite his wealth, the tech billionaire is known to be humble, especially when it comes to his lifestyle and spending habits, although he is also known to have a penchant for premium real estate.

The world's largest social media company posted incredible gains at the end of Friday's trading session, buoyed by both better-anticipated earnings results from social media rival Snap and an improved 12-month price target on Facebook shares. a gain of about 5.30% at $ 369.79, which equates to a market value of $ 1.049 billion. Stocks skyrocketed, printing around 60% annual earnings on optimism that Facebook could also see significant growth acceleration when the Silicon Valley-based company releases its results on July 28th. Facebook's bullish bias is also confirmed by the latest update from Credit Suisse analyst Stephen Ju, which raised its annual target for Facebook shares from $ 400 to $ 480 with heavy ad spending, suggesting more upside for the market. One trillion dollars worth of business. 

As a result, investors are relatively clinging to Facebook stocks as Instagram, its subsidiary, posts strong growth with its new 'Collab' option amid growing Chinese TikTok, ranked the world's most popular app in the first half of 2021. 

According to a December 2015 SEC filing, the tech billionaire plans to give away 99% of his Facebook shares over the course of his life.

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