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Mark Zuckerberg " Now Richer than the " CEO of Microsoft

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Facebook CEO Mark Zuckberberg wealth rose by 3.8 billion U.S. dollars in a day after Facebook's stock was at 34.46 U.S. dollars on 25 July. According to Bloomberg Billionaires Index , Zuckerberg is now a wealth of riches beyond Microsoft CEO Steve Ballmer and Michael Dell is the chairman that no other computer company Dell . Zuckerberg being ranked 42nd richest person according to Bloomberg Billionaires Index , with a fortune of 16.7 billion U.S. dollars . His net worth is up 37 percent from year to year .

 Mark Zuckerberg " Now Richer than the " CEO of Microsoft
 Mark Zuckerberg " Now Richer than the " CEO of Microsoft


Meanwhile , Steve Ballmer was ranked 51 with a fortune of 15.8 billion U.S. dollars . Michael Dell is ranked 58th with a fortune of 14.8 billion U.S. dollars . Microsoft founder Bill Gates , still the richest man in the world with assets of 72.2 billion U.S. dollars , according to Bloomberg Billionaires Index. Another technology boss on the list was Larry Ellison ( Oracle CEO ) , Jeff Bezos ( CEO of Amazon.com ) , as well as the two founders of Google , Larry Page and Sergey Brin .

Facebook shares rise thanks to mobile advertising . Facebook stock price increase on 25 July was the highest since May 2012 , which amounted to 30 percent . This is due to increased revenue from mobile advertising in the second quarter of 2013 . Internet social networking site posted a revenue of 1,813 billion U.S. dollars , up 53 percent compared to the same period last year . Greatest contribution comes from advertising , which amounted to 88 percent .

Facebook advantages of advertising in the quarter reached 1.6 billion U.S. dollars , up 61 percent from the same period in 2012 . The company said 41 percent of that amount or 656 million U.S. dollars generated thanks to advertising on mobile devices . This means , Facebook mobile advertising revenue grew 30 percent from the first quarter of 2013 .

Amid growing mobile phone and tablet users , Facebook is considered managed to gain the advantage and develop products for mobile devices . This news instantly makes Facebook 's stock price rose on the Nasdaq stock exchange , New York . In this quarter , Facebook succeeded in generating a net profit of 333 million U.S. dollars .
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