Mark Zuckerberg is about to turn 32, and the billionaire Facebook CEO has 32 million reasons to celebrate. This is not only because he is worth an estimated $52 billion, but because, based on his young age, the creator of the world’s most popular social media site earns more per day of his young life than anyone else on the planet.
Mark Zuckerberg added more than $4 billion to his wealth after Facebook’s earnings https://t.co/hi9i3nRXBK
— Bloomberg Technology (@technology) April 29, 2016
CNBC explains the calculations that led to the discovery that Zuckerberg is, in fact, the billionaire who earns more than any other individual on Forbes‘ list of billionaires.
“Specifically, Zuckerberg’s potent combo of youth and wealth has averaged out to $4.4 million for every day he’s been alive, according to CNBC calculations. That rate is bigger than anybody else on Forbes’ list of billionaires.”
Although the manner to reach this finding does not necessarily take into account other factors of wealth, it certainly helps to demonstrate just how quickly businesses and the individuals behind them can accumulate their fortunes, especially if a plan and ongoing developments of the business are a part of this.
The news outlet also commends the remainder of the individuals on the list in regards to daily earnings, which includes the world’s richest man, Bill Gates.
“Look at Microsoft’sBill Gates. He’s the richest person in the world, and at age 60, he’s earned $3.5 million per day in his life. Jeff Bezos, 52, of Amazon is third with a per-day fortune of $3.3 million. He’s increased his rate significantly since last year. They are the only people averaging over $3 million per day. The Google guys, Sergey Brin, 42, and Larry Page, 43, have each pulled in around $2.3 million per day. Amancio Ortega, 80, founder of Zara’s parent company has made $2.4 million a day; Warren Buffett, the 85-year-old Oracle of Omaha, earned just half of Zuckerberg’s per-day rate, with $2.2 million.”
Interestingly enough, as recently as February of this year, Zuckerberg was below the $4 million per day mark at $3.8 million. Those who believed Facebook was on its way out are eating their words seeing as the social media site’s popularity hit new heights this year, which rocketed the CEO’s earnings to above the $4 million per day mark.
The site’s share price saw a 53 percent jump over the past 12 months, easily outperforming other social media sites, such as Twitter and Linkedin. Facebook reps have yet to comment on the stats.
Endearment to Mark Zuckerberg and his wife grew as the couple welcomed their first child in December, which was accompanied by the announcement that they would be giving away 99 percent of their stake in the social media company in future.
Zuckerberg shared this news and noted that the amount would go to charity over time.
“He will give away no more than $1 billion in shares each of the next three years. ‘Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.’ [Mark] wrote.”
Much of this decision was inspired by Mark’s wife, Priscilla Chan, and her immigration story, as the Telegram relays. The publication shares that Chan “is the private face of the philanthropic couple, working quietly behind the scenes.” Her husband continues in his prominence as a mogul in Silicon Valley, while she quietly works behind the scenes and helps make the decisions as to where their multi-million dollar donations will go.
Breaking: It’s a baby girl for Facebook founder, Mark Zuckerberg and wife. And she will be called MAX. Congrats pic.twitter.com/i0SNg7tpTU
— Airwaves Watch (@AirwavesWatch) December 2, 2015
This decision, however, does not mean that the billionaire CEO of Facebook will wash his hands of the company and hand over ownership, as CNBC clarifies.
“That doesn’t mean he’ll renounce ownership or take a vow of poverty: The day before the company reported record high earnings, Zuckerberg announced a new class of nonvoting shares in Facebook, a move that gave the billionaire a firmer grip on the company.”
[Photo by Frank Zauritz – Pool /Getty Images]