Tuesday, November 22nd, 2016

Zuckerberg sells $95 million in Facebook stock: Report

Narada Desk | November 22, 2016 4:45 pm Print
"Zuckerberg's net worth at $52 billion. His net worth has increased over the past year despite the stock sales as a result of the rise in Facebook's stock price."
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Chief of social networking giant Facebook Mark Zuckerberg has sold $95 million in Facebook stock between November 17 and 18 according to regulatory filings.

Reportedly, the sale follows $190 million in Facebook stock sold by the same entities in October and another $190 million sold in September, Forbes reported on Monday adding that Zuckerberg has said that he will not sell or give away more than $1 billion in Facebook stock per year through 2018.

“Zuckerberg’s net worth at $52 billion. His net worth has increased over the past year despite the stock sales as a result of the rise in Facebook’s stock price,” the report said.

Reportedly, in September Priscilla Chan and Mark Zuckerberg had pledged to spend $3 billion over next decade to combat disease. This step comes in an effort continuing on his goal to improve the world with his donations. He had then said that if they could develop new tools, they could empower scientists all around the world to make much faster progress and breakthroughs.

According to the Forbes estimates, Zuckerberg is currently the fourth richest person in the world.

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