Mark Zuckerberg, the World’s Fourth-Richest Man

Mark Zuckerberg is co-founder and CEO of the social-networking website Facebook, as well as one of the world’s youngest billionaires.

Mark Zuckerberg co-founded the social-networking website Facebook out of his college dorm room.In less than a decade, that spirals into the world’s biggest social network, and the company goes public. A few years later, soon after the man enters his third decade, the idea becomes the fourth-most-valuable company in the world, and that man becomes the fourth richest.

It’s the new American dream, and for Mark Zuckerberg.

Mark Zuckerberg became the fourth-richest person in the world on Tuesday, leap-frogging over Jeff Bezos as Amazon’s stocks plummet and Facebook’s soar.

The 31-year-old, who is currently on paternity leave, saw his fortune climb to $50 billion once stocks closed, continuing a surprisingly successful start to 2016 for the social network.

Facebook has risen 9.5 per cent in the past month despite a rocky few weeks for US stocks.The boost has made Zuckerberg the only billionaire in the top five who has seen his net worth rise despite the tough financial headwinds so far in 2016.

It means that Zuckerberg has moved from sixth place to fourth place on the world billionaire list in just one week – all while he is off work to spend time with his newborn daughter Maxima.

Zuckerberg’s rise is remarkable for anyone, particularly remarkable for a 31-year-old.

Zuckerberg managed to leapfrog up the list quickly, but it will take a social-network miracle for him to propel himself higher anytime soon. Warren Buffett, who holds the No. 3 spot, has nearly $10 billion on him, and Amancio Ortega and Bill Gates have double and triple that, respectively. But don’t count Zuckerberg out. He has baby Max to provide for and running shoes and tons of T-shirts and hoodies  to buy. Never underestimate a man with those kinds of needs.

 

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