Facebook’s third-quarter earnings report projection to bring in about $7 billion in revenue, driven by the growing popularity of Facebook Live, the recent debut of a food-delivery service, buy movie tickets and huge growth in video advertising, especially on mobile.
Mark Zuckerberg, Facebook’s cofounder and largest individual shareholder net worth increased by more than $1.6 billion to an estimated $56.6 billion.
According to FORBES’ ranking of The World’s Billionaires, Zuckerberg is the fourth wealthiest man on the planet, and the youngest of them all. He is up from seventh place in 2015 and ahead of Mexican Carlos Slim, once the world’s richest man. Zuckerberg is behind only Bill Gates (Microsoft), Jeff Bezos (Amazon) and Warren Buffett (Berkshire Hathaway).
Facebook has made two high-profile acquisitions in 2014: the messaging app WhatsApp for $19 billion and Oculus VR the virtual reality platform for $2 billion.
Forbes reports the Facebook cofounders Eduardo Saverin and Dustin Moskovitz also had a lucrative week; they earned about $200 million and $300 million, respectively. Saverin is now worth an estimated $7.8 billion; Moskovitz about $10.6 billion.
In an interview with CNBC, former Microsoft chief executive Steve Ballmer – No. 15 on Forbes’ billionaire list, with aa about $28 billion – said that Mark Zuckerberg refused an $24 billion offer from Microsoft to buy the social network in 2007, its early days. Ballmer said. “I respect that. You have to have a willing seller.”
Ballmer steped dowen in 2014 is now the owner of the Los Angeles Clippers.