Facebook founder and CEO Mark Zuckerberg's net worth has jumped by $3.1 billion to $29.7 billion after the social networking giant's shares surged on strong fourth quarter performance.
According to Facebook's latest quarterly report, its profits stood at $523 million, up $64 million from the year ago period, while revenue rose 63 per cent to $2.59 billion.
Mr Zuckerberg's net worth increased substantially after the company announced its earnings for the fourth quarter of 2013 after the markets closed on Wednesday, according to global wealth watchdog Wealth-X.
"Zuckerberg's net worth is calculated after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate, and is based on the most recent publicly available disclosure of his shares and options in the Menlo Park social network firm," Wealth-X said in a release.
It also said that the "29 years old Zuckerberg's current fortune equates to more than $1 billion for every year he has lived".
Facebook stock surged 12 per cent to $59.98 in the after-hours trading on strong mobile ad revenues during the year.
Mobile ad sales rose to 53 per cent of revenues from 49 per cent in the previous quarter.
At present, the social networking site has 1.23 billion monthly active users and 757 million daily active users.
Facebook founder and CEO Mark Zuckerberg's net worth has jumped by $3.1 billion to $29.7 billion after the social networking giant's shares surged on strong fourth quarter performance.
According to Facebook's latest quarterly report, its profits stood at $523 million, up $64 million from the year ago period, while revenue rose 63 per cent to $2.59 billion.
Mr Zuckerberg's net worth increased substantially after the company announced its earnings for the fourth quarter of 2013 after the markets closed on Wednesday, according to global wealth watchdog Wealth-X.
"Zuckerberg's net worth is calculated after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate, and is based on the most recent publicly available disclosure of his shares and options in the Menlo Park social network firm," Wealth-X said in a release.
It also said that the "29 years old Zuckerberg's current fortune equates to more than $1 billion for every year he has lived".
Facebook stock surged 12 per cent to $59.98 in the after-hours trading on strong mobile ad revenues during the year.
Mobile ad sales rose to 53 per cent of revenues from 49 per cent in the previous quarter.
At present, the social networking site has 1.23 billion monthly active users and 757 million daily active users.
Facebook founder and CEO Mark Zuckerberg's net worth has jumped by $3.1 billion to $29.7 billion after the social networking giant's shares surged on strong fourth quarter performance.
According to Facebook's latest quarterly report, its profits stood at $523 million, up $64 million from the year ago period, while revenue rose 63 per cent to $2.59 billion.
Mr Zuckerberg's net worth increased substantially after the company announced its earnings for the fourth quarter of 2013 after the markets closed on Wednesday, according to global wealth watchdog Wealth-X.
"Zuckerberg's net worth is calculated after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate, and is based on the most recent publicly available disclosure of his shares and options in the Menlo Park social network firm," Wealth-X said in a release.
It also said that the "29 years old Zuckerberg's current fortune equates to more than $1 billion for every year he has lived".
Facebook stock surged 12 per cent to $59.98 in the after-hours trading on strong mobile ad revenues during the year.
Mobile ad sales rose to 53 per cent of revenues from 49 per cent in the previous quarter.
At present, the social networking site has 1.23 billion monthly active users and 757 million daily active users.
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