Mark Zuckerberg Made $3.4 Billion In An Hour Yesterday
Published
| Last updated
Featured image credit: PA
Occasionally, when you think you have the upper-hand in the constant fight against the shitstorm we call life, someone else reminds you that you're trash.
It doesn't matter what you do, you are nothing. You might be on your way to paying off your mortgage and you can consider that as success if you have a real small town mindset. But it's nothing. Mark Zuckerberg netted $3.4 billion yesterday in 60 minutes. That's the same amount of time you probably spent on his website tagging mates in videos about Ibiza's Ushuaia parties.
According to Forbes, this occurred due to Facebook's second quarter earnings being much higher than expected. As a direct result of this, Facebook's stock rose a nice 6.5%.
In total, Zuckerberg is now believed to have a net worth of $56.7 billion.
What's even more impressive, is this quarter's earnings were less than Q1s in which the company reportedly bagged a huge $4.2 billion.
Obviously Mr. Facebook doesn't need most of this money to buy another wardrobe full of grey t-shirts and has pledged to give away the majority of it.
Last year, Business Insider reported that he gives away 99% of his Facebook shares. He addressed this in a letter to his new-born daughter Max last year.
In it he wrote: "As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation. Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities."
Of course he is not the only tech billionaire who does this. Bill Gates is renowned for giving away the majority of his wealth.
Words by Matthew Cooper
Topics: Facebook, Mark Zuckerberg
