Mark Zuckerberg's (facebook founder) Personal Fortune Sky Rockets!

15 years ago

It's an intersting illustration of how the world pays peoples who work to feel his needs. yesterday it's was bill gates. today it's Mark Zukerberg. Guess who will be the next? Maybe it's will be you or some who have an idea to feel an important need of our beautyfull world. thanks for the news.

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Shaun Lee

15 years ago

But the real question is does he actually have that much cash?

His net-worth is just an estimation [possibly] from his shares in Facebook.

-Shaun

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Oxbloom 15 years ago

Originally Posted by Shaun Lee

But the real question is does he actually have that much cash?

His net-worth is just an estimation [possibly] from his shares in Facebook.

-Shaun

Wealth is never just a measure of cash on hand.
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paulie888

15 years ago

Originally Posted by Shaun Lee

But the real question is does he actually have that much cash?

His net-worth is just an estimation [possibly] from his shares in Facebook.

-Shaun

This is the case with every billionaire on the planet. The vast majority of their wealth is held in assets and stocks that aren't exactly liquid, and it'd be next to impossible for any of them to access their entire net worth in cash at the drop of a hat.

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theemperor

15 years ago

Originally Posted by paulie888

This is the case with every billionaire on the planet. The vast majority of their wealth is held in assets and stocks that aren't exactly liquid, and it'd be next to impossible for any of them to access their entire net worth in cash at the drop of a hat.

If you have the money in a diverse portfolio it is 'more liquid' than having it in one company because you are able to liquidate it quickly.

Still he is filthy rich!

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paulie888

15 years ago

Originally Posted by theemperor

If you have the money in a diverse portfolio it is 'more liquid' than having it in one company because you are able to liquidate it quickly.

Still he is filthy rich!

Of course, but at the same time, many billionaires derive the majority of their wealth from holdings in one company, such as Bill Gates and Paul Allen of Microsoft, Steve Jobs of Apple, Mark Zuckerberg and also Larry Ellison of Oracle.

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Tiratore

15 years ago

Just think if Classmates.com took a hard look at their ridiculous business model and what was going on online. There would likely be no Facebook.

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czilbersher 15 years ago

Originally Posted by Tiratore

Just think if Classmates.com took a hard look at their ridiculous business model and what was going on online. There would likely be no Facebook.

They were so close, weren't they?
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Robert Colle

15 years ago

Oh yeah let him enjoy, he deserves it.
Anybody who works hard enough will surely make it one day my mother always told us that.

But I do work hard and hope one day I will also get there hahahaha

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jouvan8

15 years ago

I want to be a billionaire

actually scrap that I will be a billionaire

I'm guna attack life coz no matter what happens we ain't going to make it out alive anyway,lol

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Marc Rodill

15 years ago

Originally Posted by jouvan8

I want to be a billionaire

actually scrap that I will be a billionaire

I'm guna attack life coz no matter what happens we ain't going to make it out alive anyway,lol

Go for it! But listen. Who needs a billion dollars? Man, start with 50k or something. Take whatever you make and just make it amazing. Multiply by ten. Then when you get there, keep thinking bigger all the time. No need to aim for a billion right off the bat!

And you're right, we ain't getting out alive, man! Take a look at Louis CK's stand-up, his intro for his Hilarious tour. It's really good. That is, if you like some off color jokes, and approach it, have a sense of humor about it, you'll laugh so hard...

"I'm sorry... I don't know how to open shows..."

Marc

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himanuzo

15 years ago

$ 16 billion? Where is link of the source? I know that Mark's wealth is $ 7 billion.

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Lance K 15 years ago

Originally Posted by himanuzo

$ 16 billion? Where is link of the source? I know that Mark's wealth is $ 7 billion.

Tomato, Tomäto
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TCrosby

15 years ago

I do not believe this for a second. Sergey Brin, co-founder of google is only sitting at around 11 or 12 billion.

There is no way Zuckerberg suddenly just has $16.

Please think of the differences in Google and Facebook... there is no way this is correct.

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vishalduggal

15 years ago

Originally Posted by TCrosby

I do not believe this for a second. Sergey Brin, co-founder of google is only sitting at around 11 or 12 billion.

There is no way Zuckerberg suddenly just has $16.

Please think of the differences in Google and Facebook... there is no way this is correct.

Although Google is Popular,but in 2010 facebook generates more traffic then google.
And google has very few revenue sources. So mark is definitely reacher then Google.

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morninjoi 15 years ago

This internet thing we all do can grow to something extremely mind blowing. Lets just keep scaling up
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- alwaysready 15 years ago
  
  I always say when it comes to Facebook , and specially Mark , nothing came as a coincidence or in few days , I believe he worked hard for it and was serious about the idea he believed in , so i don't feel surprised about how cash "they" make/mad . Well done , it's a very big amount , it's great to read about that . Maybe one day , we'll witness another Mark ! Don't you think so ?
  
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paulgl

15 years ago

Originally Posted by vishalduggal

Although Google is Popular,but in 2010 facebook generates more traffic then google.
And google has very few revenue sources. So mark is definitely reacher then Google.

You are friggin kidding, right? Maybe you did not realize that google owns a ton of
revenue generating sites/ventures and swallow one up on a weekly basis!!!! They
just tried to buy groupon for $6 billion, but was rejected. But in the past 2 weeks
they bought out zetawire. Do some research, people! Google buys, buys, buys.

They have more money making ventures than just about anyone. Maybe you also
forgot that they sell more smartphones than apple, and have just brought out
google TV. LOL!!! Facebook? They have 1 or 2 real revenue generators at the
moment. That's why they need a cash infusion. This month, android will overtake
the iphone OS in total percentage.

Facebook made $500 million profit, 2010.
Google made $20 billion + and counting.

Google's value is $200 billion

When you put that in perspective to facebook's value, facebook has
a long way to go. There are a lot of assumptions on the future earning
power of facebook.

BTW, apple is valued at $300 billion.

Keep in mind these particular values are not the values of the companies in
regard to true market value generated by stocks.

We are really talking value of the brand and potential.

Paul

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82ana

15 years ago

This is what is called "hype" or "inflation".Goldman Sachs has vested interest in Facebook's future so its not a wonder that they value it at $50 billion (yes they themselves decided this value) just before the company goes public.

I have very high respect for Zuckerberg and his innovation but seriously $6.9 bill ... just not buying it.

excerpt from link >> Wikipedia and Facebook Just Got Rich, For Opposite Reasons | Motherboard

"Goldman Sachs will reportedly invest $450 million in the social network, giving the website, which was the most visited in 2010, a theoretical market valuation of $50 billion. The bank will also create a "special purpose vehicle" to allow its richest clients to invest in Facebook before the company goes public. Already, the Securities and Exchange Commission is already anxious about the volume of trading of shares of Facebook and other private Internet companies on thriving secondary markets like SecondMarket.

The investment - alongside $50 million from a Russian investor - puts the company at a valuation of $500 billion, which is more than the worth of companies like eBay, Yahoo and Time Warner. It should also put Mark Zuckerberg's personal net worth at around $14 billion. And this is before Facebook has released any public information about its financials. As profitable as Facebook's advertising model looks good on paper, Wikipedia reminds us that an ad-free model also has a future in the realm of information delivery."

We should've learned our lesson with these bank "evaluations" already.

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doop

15 years ago

Not to be a downer - but I think everyone has forgotten the dot com bubble of 2000 already.

The internet can be a very profitable place - but anything that gets built up on hype and valued so quickly with no real business model behind it soon blows up in everyone's face.

Sure they have their advertising platform and we don't know how much it's really making (or not making)...

But lets say the current valuation is based not on the software but the members that use it.

(After all - what good is the platform with no users???)

With 500 million members and the present valuation of $50 Billion puts the value of each user at $100 each....

I know I can get about $1 per person per month from my lists....

If Facebook is getting the same sort of value (through selling ads) and making this sort of income we're assuming they're making $500M/month in ad sales revenue??

This = $6B in yearly revenue....

I don't know many internet marketers that buy sites for more that 12-24M monthly revenue so this puts Facebook value at MOST $12 Billion....

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Shaun Lee

15 years ago

Originally Posted by Oxbloom

Wealth is never just a measure of cash on hand.

Originally Posted by paulie888

This is the case with every billionaire on the planet. The vast majority of their wealth is held in assets and stocks that aren't exactly liquid, and it'd be next to impossible for any of them to access their entire net worth in cash at the drop of a hat.

Yes I know that.

I mean, nobody knows how much profitable is Facebook. His wealth is just an estimation.

I may be wrong, though. That is what I think which I derived personally. So I could be wrong.

-Shaun

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bgmacaw

15 years ago

Zuckerberg hired one of the best firms to help one skirt SEC regulations and US law in general, Goldman Sachs. And, he's being partially funded by a reputed Russian underworld boss. What could possibly go wrong?

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82ana

15 years ago

Originally Posted by bgmacaw

Zuckerberg hired one of the best firms to help one skirt SEC regulations and US law in general, Goldman Sachs. And, he's being partially funded by a reputed Russian underworld boss. What could possibly go wrong?

lmao! Good one.

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paulie888

15 years ago

Originally Posted by Shaun Lee

Yes I know that.

I mean, nobody knows how much profitable is Facebook. His wealth is just an estimation.

I may be wrong, though. That is what I think which I derived personally. So I could be wrong.

-Shaun

With internet start ups that have progressed to become huge successes, their valuation has always been fairly ambiguous before they went public.

Chances are that with the popularity and buzz surrounding Facebook, the IPO will skyrocket and make Mark Zuckerberg even richer than initially estimated. This is what happened with Google as well, though of course there were many detractors who shot down the idea that a search engine company (and therefore its founders) could be worth so much, but they were very quickly silenced when Google went public and its stocks shot up to astronomical highs.

Paul

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Zeus66

15 years ago

Hey, that rat ******* stole my idea!

Tyler Winkelvoss

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garyv

15 years ago

Originally Posted by Richard Tunnah

A new report in The Time Magazine states Mark Zuckerbergs personal fortune has sky rocketed to over $16 billion! This is despite the fact that facebook has yet to make a profit and all before his 27th birthday.
The Time Magazine have also named him one of the most influential people of our time.

Rich

I don't know where this report about facebook not making a profit is coming from, but it's far from the truth. Think about it. Have you ever witnessed a facebook page without an ad on the side? Now multiply that by it's 500+million users. And then realize that someone is paying for that/those ads. - Because of the loads of information they acquire on each and every person, they have one of the most targeted advertising methods on the planet. And with the way Google has been "slapping" people around lately, the Facebook revenue will be around for a while....

Facebook's Financials Revealed To Dealbook

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Ouroboros

15 years ago

I was just talking to Mark this morning and he said "No way it's only 16 billion. When the IPO comes out it'll be closer to 20 by the end of the day!"

That second day of trading has him a little worried though!

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GeorgR.

15 years ago

It is staggering, simply incredible to know that this wealth (Facebook worth $50B, personal wealth $16B) is really not more or less than originating from a couple of people's simple idea to make a certain kind of website.

There are those nerdish guys, some years back, who have an innovative idea...they sit there and do some coding...putting up this new kind of site...and some years later they are rich beyond any measures. (Same with google, yahoo etc.)

This is just mind-boggling and on many levels it also motivates.

Something everyone basically can attempt if they have enough foresight, energy and motivation...

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The Mysterious Marketer

15 years ago

That's amazing...

But I think he better sell Facebook soon.

I can see people getting bored of it within this year, and moving onto the next hot thing...

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Drewry_Media

15 years ago

I just don't understand sometimes how a person that young with a fortune like that is able to retain intense business focus. Having that much money and under 30 is ridiculous, in a good way! =)

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Drewry l DNN

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Palusko

15 years ago

The only way to find out if Facebook is worth $50 Billion, is to find someone, who would be willing to buy it for that much. Did anyone even try to make any offer at all? I start at $100.
As for his personal fortune, I am quite sure it doesn't just include liquid assets and cash, but probably also some "virtual" value. Still, he most likely do have a couple of billions in real money and investments available, giving the fact he donated hundreds of millions of dollars.

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Mark Zuckerberg's (facebook founder) Personal Fortune Sky Rockets!

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