The Chief Executive Officer of Facebook, Mark Zuckerberg, had achieved a milestone by becoming the world’s fifth richest person.
Besides his personal record, Facebook’s second quarter earnings report also showed that the company’s stocks hit record high.
According to a report in Fortune this week, Zuckerberg’s net worth hit $72.7 billion on Thursday. This increase of more than $3 billion sent him past Mexico’s Carlos Slim to become the world’s fifth richest man.
“Zuckerberg’s wealth is largely tied up in Facebook stock, meaning it rises and falls along with the company’s shares,” the report noted.