After declining about $20 billion in 2018, Mark Zuckerberg’s fortune is bouncing back.
Facebook Inc. shares jumped Thursday in New York trading — increasing his net worth by about $4.6 billion — after the social-networking firm reported first-quarter earnings Wednesday night that won near-unanimous praise from Wall Street analysts. That brings his year-to-date advance to $24 billion, the most of anyone on the Bloomberg Billionaires Index.
Zuckerberg’s gain tops that of Bernard Arnault, who has seen his fortune increase $23 billion in 2019. Jeff Bezos would have topped both except for the finalization of his divorce from MacKenzie Bezos, which cut his net worth by $36 billion this month and wiped out his 2019 gains.
Facebook shares were up 7.2 percent to $195.78 at 9:55 a.m. and have climbed 49 percent this year.
Oil trades near $55 as investors await clarity on OPEC action
Nigerian equities pare gains as U.S., pan-European markets record lows
Nigeria to record N43bn annual savings as OVH Energy’s Lagos Midstream Jetty comes on stream
Oil down as U.S.-China trade fears outweigh inventory drop
UK Beer sales could go down due to CO2 shortage
Thousands stranded as Nigeria suddenly closes Seme border
South Africa goes into technical recession as GDP falls 0.7% in second consecutive quarter
Total pension assets rise to N9.32trn
Don’t give a cent to anybody to import food into the country, Buhari orders CBN
9mobile, former Etisalat Nigeria, is open to new investors, says CEO
Frontpage February 8, 2018