Thursday, June 30, 2011

**facebook founder is now richer than google founders:

Facebook founder Mark
Zuckerberg's personal fortunes
have soared, thanks to investment
fund GSV Capital's recent stake in
the social networking site which
has put the Harvard dropout at a
worth higher than Google
founder Sergey Brin and Larry
Page.
Earlier this week, GSV Capital Corp
bought 225,000 shares in
Facebook at an average price of
$29.28 each.
This stake values the popular
social networking site at about
$70 billion.
Based on the new investment,
Zuckerberg in turn is worth
approximately $18 billion, a report
in Time magazine said.
"With the new valuation,
Zuckerberg has one-upped
Google co-founders Sergey Brin
and Larry Page , whose fortunes
are estimated to have dropped,"
the Time report said.
This estimate makes Zuckerberg
the third-richest man in the
technology sector in the world,
only behind Microsoft's Bill Gates
and Oracle's Larry Ellison.
While Gates is estimated to be
currently worth $56 billion, Ellison
is the world's fifth-richest
billionaire at $39.5 billion.
Earlier this year, Zuckerberg's net
worth stood at $13.5 billion.
He had already shot past Apple's
Steve Jobs last year and has now
passed Google's Brin and Page,
whose fortunes are now
estimated to have dropped to $17
billion from $19.8 billion in March.
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