Facebook’s Mark Zuckerberg saw his wealth surge by $1.6 billion to $33.3bn on the company recent stock price surge. This now makes him worth more that Google’s pair – Sergey Brin, Larry Page and even Amazon’s Jeff Bezos.
This recent surge was as a result of the company’s second-quarter sales that rose by 61% to $2.91billion, exceeding analysts’ expectations. This revenue gain was based on the strength of online ads.
According to Bloomberg report, “Mobile promotions accounted for 62 percent of ad sales, up from 59 percent in the prior period. Net income more than doubled to $791 million, with profit excluding some items at 42 cents a share, above the projection of 32 cents. In total, Facebook accounted for 5.8 percent of worldwide digital ad revenue in 2013, up from 4.1 percent in 2012, according to EMarketer Inc.”
