Facebook’s Zuckerberg Surpasses the Google Guys
According to Forbes.com, Facebook’s Mark Zuckerberg is now richer than the founders of Google. Earlier this week, publicly-traded closed-end mutual fund GSV Capital bought 225,000 shares of Facebook at an average price of $29.28 per share for a total valuation of $70 billion.
This purchase, according to Forbes, pushes Zuckerberg’s fortune past $18 billion. Estimates prior to the transaction were around $13.5 billion. Zuckerberg has now passed Apple’s Steve Jobs and Google co-founders Sergey Brin and Larry Page, and is solidified as the third richest tech titan in the world behind Microsoft’s legendary Bill Gates and Oracle’s Larry Ellison.
Forbes’ Luisa Kroll questions whether the Facebook valuation is sustainable or “a bubble about to burst.” Some argue that Facebook’s membership is aging and the site is generally losing its cool, others predict that the company will go public next year with a valuation of over $100 billion.
Regardless, the expanding success of the innovative social network continues to push Zuckerberg up the list of the World’s Richest People.
Like Haute Living New York? Join our Facebook page or follow us on Twitter @HauteLivingNY. Want Haute Living New York delivered to your inbox once a week? Sign up for our newsletter.
Like Haute Living San Francisco? Join our Facebook page or follow us on Twitter @HauteLivingSF. Want Haute Living San Francisco delivered to your inbox once a week? Sign up for our newsletter.
Related Articles
Hamptons Happenings: Inside The Grey Goose Takeover At The Surf Lodge
A new expression inspired by the luxuries of the French Alps, Grey Goose Altius made its highly-anticipated US debut at the Surf Lodge.
Curtis “50 Cent” Jackson Has A New Book — And With It, A New Perspective On Life
Curtis “50 Cent” Jackson talks about his latest moves: a new book, touring with his pal Eminem, and a fresh, new perspective on life.
Talking “Tulsa King” And Travel With Garrett Hedlund
Haute Living sat down with “Tulsa King” star Garrett Hedlund to chat about what we can expect from the hit series’ second season.
Franklin Eugene – A Man Of Many Talents
Franklin Eugene is an established designer and film producer who continues making headlines.
Creating Your Own Sanctuary: Meera Gandhi Explains How To Transform Your Home Into A Space For Menta
In today’s fast-paced world, having a home that serves as a sanctuary for mental and physical health is more important than ever.
ELTARA CASATA By Radmila Lolly Adds New One-Of-A-Kind Services
Radmila Lolly, our Haute Living ambassador and celebrated couture designer, is expanding her fashion empire at ELTARA CASATA By Radmila Lolly.
Latest Story
Trending Articles
Related Articles
Hamptons Happenings: Inside The Grey Goose Takeover At The Surf Lodge
A new expression inspired by the luxuries of the French Alps, Grey Goose Altius made its highly-anticipated US debut at the Surf Lodge.
Curtis “50 Cent” Jackson Has A New Book — And With It, A New Perspective On Life
Curtis “50 Cent” Jackson talks about his latest moves: a new book, touring with his pal Eminem, and a fresh, new perspective on life.
Talking “Tulsa King” And Travel With Garrett Hedlund
Haute Living sat down with “Tulsa King” star Garrett Hedlund to chat about what we can expect from the hit series’ second season.
Franklin Eugene – A Man Of Many Talents
Franklin Eugene is an established designer and film producer who continues making headlines.
Creating Your Own Sanctuary: Meera Gandhi Explains How To Transform Your Home Into A Space For Menta
In today’s fast-paced world, having a home that serves as a sanctuary for mental and physical health is more important than ever.
ELTARA CASATA By Radmila Lolly Adds New One-Of-A-Kind Services
Radmila Lolly, our Haute Living ambassador and celebrated couture designer, is expanding her fashion empire at ELTARA CASATA By Radmila Lolly.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
![](https://hauteliving.com/wp-content/themes/haute-living/assets/images/footer.png)
![](https://hauteliving.com/wp-content/themes/haute-living/assets/images/hbi.png)
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events