Facebook is one of the planet’s biggest and fastest growing companies. With its astronomical growth over the past few years, it’s difficult to get hold of the company’s exact net worth. For tech companies, stocks can go up or down depending on the news or other external factors.
One example of this change was when Mark Zuckerberg, Facebook’s founder and CEO, saw his net worth plunge by over $15 billion. This was due to months of negative press hounding his company. The Cambridge Analytica controversy hit the company hard as the data breach policy turned off many users of the platform.
Facebook’s net worth can be gauged through the net worth of Zuckerberg. As of April 2018, Zuckerberg has been shy of reaching $70 billion, making him the 6th richest person in the world. This is after several changes he’s made in the company, including making Facebook a publicly tradable stock in 2012. This gave the company an increase of over 50% in stock prices in September 2017. At one point, the company’s peak market capitalization reached $104 billion.
Today, Facebook shares can be bought at $38 per share. The company has raised over $16 billion through that offering. To think that over a decade ago, Yahoo! tried to buy Facebook for $1 billion.
Hello, I’m Steve Sorensen, a business blogger and investment strategist interested in the net worth of the world’s richest people. I have dedicated a portion of my time to tracing the stories of these companies and pointing out the roots of their success. For similar reads, visit this webpage.
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