Mark Zuckerberg Earns 3.5 BILLION in November >>Hollywood

The Hollywood Gossip

Mark Zuckerberg Earns 3.5 BILLION in November Dec 3rd 2012, 18:35 Safe to say November was a relatively good month for Facebook CEO Mark Zuckerberg. The social network's stock shot up from $21.08 a share on the first day of trading to $28 a share this past Friday, reaching its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock (give or take), saw his net worth increase $3.48 billion as a result. Not bad for 30 days' work. Long story short, his critics can Zuck on that! Sorry. When Facebook held its botched IPO for $38 a share in May, of course, the 28-year-old Zuckerberg's shares were worth a lot more - $19.1 billion to be exact. In the following months, the stock plummeted to less than half that IPO price to $17.55 in late August, pushing Mark's net worth down to $8.84 billion. Wah wah. Since then, however, Facebook stock has chipped away at some of those losses, regaining some traction and posting its best month to date in November. A strong earnings report in late October, which showed that Facebook was making progress in monetizing mobile traffic, was a major catalyst for the gains. As of Friday, Zuckerberg's net worth was $14.1 billion and climbing. On the downside, Priscilla Chan is going to expect some REALLY nice holiday gifts now.

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