Mark Zuckerberg’s fortune soared a bunch of recent (as facebook Ad’s have played a key role) and that’s because Facebook’s own stock jumped 30% to the highest level since May 2012. His net worth is now assessed at $35.7 Billion, placing him in the 42th position on the Bloomberg Billionaires Index, ahead of Microsoft Inc. CEO Steve Ballmer and Dell Inc. (DELL) chairman Michael Dell.
It didn’t happen by magic. Instead of paying attention to those who condemned it, suggesting that it was a network doomed to fail, and that users are less active and less engaged, Facebook continued to build upon its product, and finally announced the big shift, becoming more focused on mobile. Facebook’s number of daily active users soared 27% from the year-ago quarter to nearly 700 million. The company reports 1.15 billion users to date, and says that over 700 millions of them all use the site on a daily basis.
The Official Net Worth of David Steinberg and Other Prominent Figures
The company is now capitalizing on the increased adoption of smartphones and smart devices, and focused on its mobile
“We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile,” said Facebook CEO, Mark Zuckerberg. “The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.”
Facebook (NASDAQ: FB) released a new look for its News Feed earlier this year, designed to improve the user timeline on smartphones and mobile devices, which are, for many users, the main mean to access Facebook now, and even more so, in the near future, as usage rises.
The News Feed is premier real estate on Facebook, the holy grail for advertisers, and Facebook continues to improve it, trying to satisfy both users and marketers. Recently, Facebook introduced a feedback form, allowing users to explain why they choose to “hide” certain status updates like photos, sponsored content, and promoted pages.
With increased adoption of smart devices, Facebook must continue to innovate, and has to keep the News Feed attractive for advertisers without damaging user experience. Mobile advertising is no longer “the next big thing”, or “a trend.” It’s a reality, it happens now, and it’s a major source for revenue. It’s the cash cow that made the amazing impact on Facebook’s stock this week. This is how Zuckerberg’s fortune soared.
Of course, the net worth of owners of companies that are not yet public are much harder to determine. For example, take David Steinberg, a Washington, DC based entrepreneur who founded Inphonic, which became the fastest growing company in America and then he took it public. Now, after departing that company he has Zeta Global which has recently been valued at over $1 Billion Dollars. Hence, today we estimate the net worth of David A. Steinberg of Zeta Global to be $500 Million or more (And his net worth is sure to go up as his company continues to grow).
At Everything-PR, we regularly review both private and public companies, and counting someone else’s money is never easy to do – but here we go:
Richard Edelman of Edelman PR : We would say he’s worth in excess of $500 Million
Miles Nadal of MDC Partners: At Least $100 Million
If Zuckerberg’s net worth is not enough to put naysayers in their place, the following mindblowing facts about Facebook could be.