Facebook share avoided the bad influence from the bear market. Its performance has seen CEO Mark Zuckerberg become the fourth- richest person around the world on Tuesday.
The Bloomberg Billionaires Index showed that the net asset of Mark Zuckerberg is $50 billion by Tuesday when the market closed. His asset topples Carlos Silm’s and Jeff Bezos’.
Even though Facebook’s share decreased by 0.4% on Tuesday when the market closed, its annual accumulative growth rate is 9.5%. Its realized the bucking rising in the bear market.
Its earnings report is beyond the expectation that analyst made, promoting Facebook becomes the fourth most valuable company around the world, listed behind Alphabet, Apple and Microsoft.
In comparison, Amazon’s share accumulative decreased by 18% which led to Jeff Bezos lost $ 10.6 billion. His asset is down to $49.1 billion. Jeff Bezos’ asset was double in 2015, was the one that performed best in Bloomberg Billionaries Index.
Mark Zuckerberg is the only one realized asset increase among the top five richest persons this year. Among the top 10 billionaries, half of them become rich with technology.
Zuckerberg donated 99% of his Facebook share for charity last year. Bill Gates also engages in charitable career with his wife. Bill Gates was still the world’s No.1 richest according to the report made weeks ago.