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Who Got Rich This Week: Zuckerberg, Bezos And Three Other Billionaires Gain $13 Billion Combined
Key Excerpts from Article on Website of Forbes
Posted: May 6th, 2019
https://www.forbes.com/sites/hayleycuccinello/2019/04/27/who...
Mark Zuckerberg has had plenty of difficult days in the past year, but this past week was a good one for him. The Facebook CEOs net worth jumped $5.5 billion in the week through Thursday April 25. The 34-year-old is worth $71.3 billion, $20 billion more than at the beginning of 2019. He is now the 5th richest person in the world, up from No. 8 in March. The positive quarterly earnings report overshadowed news that Facebook is setting aside as much as $5 billion to pay a fine to the Federal Trade Commission over privacy issues. Zuckerbergs gain was by far the biggest of the week, but he is in good company. The fortunes of Zuckerberg and four other tech billionaires, including Amazons Jeff Bezos, rose by a collective $13 billion in seven days. A day after Facebook released its first-quarter earnings report, Amazon announced a quarterly profit of $3.6 billion, an all-time record for the e-commerce giant. Amazons share price rose 2.2% in the week through Thursday, causing Bezos net worth to surge by $3.2 billion. The net worth of Steve Ballmer, Microsofts former CEO, rose $1.7 billion in the week through Thursday as the software giants share price increased by 4.7%. Michael Dell, chairman and CEO of Dell Technologies, is now worth $40 billion after gaining $1.4 billion in a week due to a 6.6% stock uptick. Larry Page, the cofounder of Google and CEO of its parent company Alphabet, got $1.1 billion richer, with an estimated fortune of $57.6 billion.
Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
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