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Thursday, 4 February 2016

Mark Zuckerberg is now the fourth richest person in world

Mark Zuckerberg

Mark Zuckerberg passed the Amazon CEO Jeff Bezos to became the world's fourth richest person on Tuesday. This is due to good performance of Facebook stock this year. Facebook is up 9.5 percent in 2016.

It is estimated that as of Tuesday, Zuckerberg had a $50 billion fortune while Bezos had a fortune of about $48.9 billion. A year ago, he was 15th on Bloomberg Billionaires index. Facebook is the fourth most valuable company in world after Microsoft Corp.,Apple Inc. , and Google's parent company Alphabet Inc.

Due to decline of the Amazon stock price, Bezos's fortune declined by about $10.6 billion leaving his wealth to $49.1 billion. One interesting point to note is that Zuckerberg is the only one among world's five richest people whose wealth increased this year.