Facebook is worth over $70 billion reported Forbes and the net worth of Facebook founder Mark Zuckerberg has also jumped from about $13.5 billion to $18 billion in past 6 months.
Considering the new evaluation, Zuckerberg is the third richest guy as far as technology category is considered behind only Microsoft’s Bill Gates and Oracle’s Larry Ellision.
This new valuation was on the basis of investment made by GSV Capital. They have reportedly bought over 225,000 shares of Facebook at a price of $29.28 per share which saw a sharp increase in price by – 40%.
These are only the estimated values. Company is going public next year with expected valuation of over $100 billions.
[...] $7 Million House December 3, 2011 By Mamta Tripathy Leave a Comment // The world’s youngest billionaire and Facebook creator Mark Zuckerberg new home in Palo Alto is simple and very modest by all standards considering the money this guy [...]