Facebook CEO Mark Zuckerberg now third richest man in tech.Earlier this week, Investment fund GSV Capital bought 225,000 shares in Facebook at an average price of $29.28 each, giving the social network a valuation of about $70 billion. If we take this new number into account, we can extrapolate that Facebook co-founder and CEO Mark Zuckerberg’s net worth has passed $18 billion, according to Forbes.Based on the new investment, Zuckerberg in turn is worth approximately USD 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 USD 56 billion, Ellison is the world’s fifth-richest billionaire at USD 39.5 billion.Earlier this year, Zuckerberg’s net worth stood at USD 13.5 billion.The $70 billion valuation is approximately a 40 percent premium to the $50 billion previously used to measure the fortunes of the six Facebook billionaires. The other Facebook billionaires (Dustin Moskovitz, Eduardo Saverin, Sean Parker, Peter Thiel, and Yuri Milner) have thus also become richer.

  • No wonder. Facebook makes huge amount of money through advertisements. I would say it is always good to put bucks on Facebook ads over Google. The reason is social sites offer better targeting with keywords and demographic-specific ads. And also what people think is, whatever appears on their Facebook screen is must watch for them.

  • Royston

    Yeah brother..i agree with that.However google adword is also good. As you said,even google adword offers better targeting with keywords and specific ads. However both are good.