Mark Zuckerberg Facebook founder and CEO.
As investors remain nervous about the U.S Federal Reserve’s hawkish narrative, Meta founder, Mark Zuckerberg, is estimated to now have a net worth of $115 billion amid record market volatility.
In terms of net worth, the American billionaire wealth can buy 62.3 million troy ounces.
Bloomberg Billionaire Index data indicates that the 37-year-old billionaire is the youngest individual to ever surpass a $100 billion net worth.
During Monday’s session, investors dumped technology shares, as they have all month, on fears that the Federal Reserve will soon tighten policy aggressively. As the day progressed, Amazon, Facebook parent Meta, and Microsoft closed higher.
Read: Facebook founder, Mark Zuckerberg keeps $2.3 billion in cash
According to the world’s sixth richest man’s December 2015 SEC filing, he plans on giving away 99% of Facebook shares.
Despite the fact that he started selling shares in August 2016 to fund his philanthropy, Bloomberg’s calculation does not include the value of any proceeds from those sales. Because he still owns these shares, he still gets credit for them.
READ: World richest man, Jeff Bezos holds 5% of his wealth in cash
Read: Facebook founder, Mark Zuckerberg is 7 times richer than Africa’s richest man
Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.
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