ZUCKERBERG RICHER THAN KOCH BROS
Mark Zuckerberg became the sixth- richest person on Earth on Thursday.
The Facebook Inc. founder saw his fortune rise $ 6 billion in trading Thursday after the world’s biggest social network delivered another quarter of record revenue. That gives him a net worth of $ 47.5 billion, surpassing the $ 45.9 billion holdings of brothers Charles and David Koch, according to the Bloomberg Billionaires Index.
Facebook reported on Wednesday that fourth- quarter sales were up 52 percent to $ 5.84 billion and net income had more than doubled to $ 1.56 billion from a year earlier.
Thursday’s surge turned a yeartodate decline of more than $ 4 billion for Zuckerberg into a $ 1.7 billion gain for the year and pushed him above the Kochs, whose industrial holdings have been hit by lower oil prices.