Yes, you heard right. N3.5 billion in just one month.
Facebook's stock shot up from $21.08 a share on the first day of trading in
November to $28 a share at the end of the day Friday, its highest price since
July. Zuckerberg, who owns about 504 million shares of Facebook stock, gained
about $3.48 billion as a result..
.
When Facebook first went public at $38 a share in May,
Zuckerberg’s shares were worth $19.1 billion. In the following months, the
stock dropped to less than half that IPO price to $17.55 in late August,
pushing Zuckerberg’s net worth down to $8.84 billion.
Since then, Facebook’s stock has recovered in fits and
starts and so has Zuckerberg’s wealth. November proved to be by far the most
robust growth month for the stock to date, thanks to two big factors. First,
the company had a strong earnings report in late October, which showed that
Facebook was making progress in monetizing mobile. Secondly, the second and
largest lockup period for stocks held by employees finally expired in the
middle of November, which was something investors had been dreading for months
and arguably held down the stock price.
As of last Friday, Zuckerberg’s net worth was $14.1 billion
and will likely only continue to grow in December.
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