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Mark Zuckerberg Made $3.5 Billion In November

Submitted by on December 3, 2012 – 4:54 pmNo Comment
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Mark Zuckerberg probably had a better November than you. The co-founder and CEO of Facebook increased his personal wealth by $3.5 billion thanks to his stock in the website, putting his net worth at about $14.1 billion heading into December.

On the other hand, Zuck lost about $11 billion after Facebook’s IPO, when stock prices slid to a low point of about $18 a share in late August (they’re at $28 a share now, and expected to go higher). He still has a long way to go before the stocks reach their initial price of $42.

On the other hand, the Facebook CEO (who draws only $1 in salary and gets almost all of his earnings from stock) could literally lose 99% of his current net worth, and still have more than last week’s Powerball winners. So there’s probably no need to shed tears for the man.

Facebook saw a disappointing initial public offering, leading to speculation that the social network was all hype, had no money-making strategy, and was doomed. But investors have apparently been optimistic about Facebook’s positive earnings reports, increased stock availability, and attempts to monetize the site with features like the Gifts service.

Do you think Facebook’s stock will continue to rise, both literally and metaphorically?

[via Mashable; photo via David Paul Morris/Bloomberg News]

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