Mark Zuckerberg Got $5.3 Billion Richer This Week Following Instagram’s Launch Of TikTok Competitor - News Summed Up

Mark Zuckerberg Got $5.3 Billion Richer This Week Following Instagram’s Launch Of TikTok Competitor


Zuckerberg, who owns about 15% of the company, added $5.3 billion to his net worth between July 31 and August 7—making him the week’s biggest gainer Forbes estimates his net worth to be $98.6 billion. Jeff Bezos (net worth: $189.8 billion), whose fortune rose $2.6 billion in the past week, sold off $3.1 billion worth of Amazon stock on Monday and Tuesday. Meanwhile, LVMH chairman and CEO Bernard Arnault (net worth: $107.1 billion) regained some ground after a rough earnings report for the luxury conglomerate last week led to a $6 billion drop in his fortune. This week, his net worth rose by $2.2 billion as the stock partly recovered. The net worth change is from close of markets Friday, July 31, to Friday, August 7.


Source: Forbes August 08, 2020 10:52 UTC



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