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Mark Zuckerberg Now Richer than Microsoft CEO

Mark Zuckerberg Now Richer than Microsoft CEO - Facebook CEO Mark Zuckberberg wealth rose by 3.8 billion U.S. dollars in a day after Facebook's stock was at 34.46 U.S. dollars on 25 July. According to Bloomberg Billionaires Index , Zuckerberg is now a wealth of riches beyond Microsoft CEO Steve Ballmer and Michael Dell is the chairman that no other computer company Dell.

Mark Zuckerberg Now Richer than Microsoft CEO
Founder and CEO of Facebook , Mark Zuckerberg

Zuckerberg being ranked 42nd richest person according to Bloomberg Billionaires Index , with a fortune of 16.7 billion U.S. dollars . His net worth is up 37 percent from year to year .

Meanwhile , Steve Ballmer was ranked 51 with a fortune of 15.8 billion U.S. dollars . Michael Dell is ranked 58th with a fortune of 14.8 billion U.S. dollars .

Microsoft founder Bill Gates , still the richest man in the world with assets of 72.2 billion U.S. dollars , according to Bloomberg Billionaires Index. Another technology boss on the list was Larry Ellison ( Oracle CEO ) , Jeff Bezos ( CEO of Amazon.com ) , as well as the two founders of Google , Larry Page and Sergey Brin .

Facebook shares rise thanks to mobile advertising

Facebook stock price increase on 25 July was the highest since May 2012 , which amounted to 30 percent . This is due to increased revenue from mobile advertising in the second quarter of 2013 .

Internet social networking site posted a revenue of 1,813 billion U.S. dollars , up 53 percent compared to the same period last year . Greatest contribution comes from advertising , which amounted to 88 percent .

Facebook advantages of advertising in the quarter reached 1.6 billion U.S. dollars , up 61 percent from the same period in 2012 .

The company said 41 percent of that amount or 656 million U.S. dollars generated thanks to advertising on mobile devices . This means , Facebook mobile advertising revenue grew 30 percent from the first quarter of 2013 .

Amid growing mobile phone and tablet users , Facebook is considered managed to gain the advantage and develop products for mobile devices . This news instantly makes Facebook 's stock price rose on the Nasdaq stock exchange , New York .

In this quarter , Facebook succeeded in generating a net profit of 333 million U.S. dollars.

Source: Kompas.com
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