Mark Zuckerberg Made $3.5 Billion Last Month

Mark Zuckerberg, founder and CEO of Facebook

Mark Zuckerberg,  (Photo credit: Wikipedia)

November was a good month for Facebook and its CEO Mark Zuckerberg.

Facebook‘s stock shot up from $21.08 a share on the first day of trading in November to $28 a share at the end of the day Friday, its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock, gained about $3.48 billion as a result!

When Facebook first went public at $38 a share in May, Zuckerberg’s shares were worth $19.1 billion. In the following months, the stock dropped to less than half that IPO price to $17.55 in late August, pushing Zuckerberg’s net worth down to $8.84 billion.

As of Friday, Zuckerberg’s net worth was $14.1 billion and will likely only continue to grow in December.

Via: Mashable

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