Facebook’s Zuckerberg gets billion-dollar birthday treat

Facebook founder Mark Zuckerberg celebrated his 31st birthday Thursday with a treat many would envy. (File photo: AP)

Facebook founder and CEO Mark Zuckerberg celebrated his 31st birthday Thursday with a treat many would envy.

Shares of the social media giant jumped $2.93, or 3.7 percent, to $81.37 Thursday in a $1.2 billion gain for Zuckerberg who owns 426.3 million shares – not a bad present for the man who may have everything.

The company and stock flourished in Zuckerberg’s 30’th year, skyrocketing 37.4 percent as the CEO’s shares jumped $9.4 billion in value during the year.

Zuckerberg is one of only six Millennial CEOs at the helm of companies in the Russell 3000 index but leaves competitors far behind when it comes to influence, owning 15 percent of Facebook’s outstanding shares which is more than any other single investor, according to S&P Capital IQ.

Forbes estimates the social media guru’s net worth to be around $35 billion.

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Last Update: Wednesday, 20 May 2020 KSA 13:55 - GMT 10:55
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