Zuckerberg is Now Richer than the Koch Brothers

Mark Zuckerberg, Facebook Founder, Chairman and Chief Executive Officer

LOS ANGELES — (CNN) Mark Zuckerberg can buy a whole lot more T-shirts and hoodies. The Facebook CEO is now richer than the Koch brothers.

Bloomberg reported that Zuckerberg’s wealth soared by $6 billion Thursday after Facebook reported a stellar quarter with record revenue.

As Facebook’s stock rose on the news, his net worth grew to $47.5 billion. That ranks him No. 6 on Bloomberg’s list of the wealthiest people in the world.

He leapfrogged Charles and David Koch, who run the conglomerate Koch Industries and who are known for their active support of Republican candidates. The Kochs are each worth $45.9 billion.

Zuckerberg still trails Microsoft founder and philanthropist Bill Gates, who is worth $78 billion, Spanish fashionista Amancio Ortega ($69.7 billion), Berkshire Hathaway investor Warren Buffett ($59.4 billion), Amazon CEO Jeff Bezos ($55.8 billion) and Mexican tycoon Carlos Slim ($48.6 billion).

Even as Zuckerberg climbed in the rankings, the global stock slide has hit the world’s richest people particularly hard. The world’s wealthiest seven people lost a combined $19 billion this month, according to Bloomberg.

The-CNN-Wire ™ & © 2016 Cable News Network, Inc., a Time Warner Company. All rights reserved. (Photo: CNN)

Missed a Show? Listen Here

O'Connor & Company - 5AM to 9AM ET
The Chris Plante Show - 9AM to 12PM ET
The Dan Bongino Show - 12PM to 3PM ET
The Vince Coglianese Show - 3PM to 6PM ET
The Mark Levin Show - 6PM to 9PM ET
Advertise with NewsTalk 105.9 WMAL!
Download the WMAL App

Newsletter

Local Weather