- Keeps $2.3 bn in cash
The founder of Facebook, Mark Zuckerberg, has personified the popular narrative that explains why the rich hardly keep most of their funds in the bank.
The 36-year-old CEO and founder of the biggest social media company, Facebook, believed to be worth $104 billion, keeps just $2.3 billion in cash (4.4% of his net wealth).
The value of his present cash valuations is based on an analysis of insider transactions — mostly from the sale of his stock holdings valued by an analysis retrieved from Bloomberg data.
Zuckerberg, is fifth on the list, with his fortune estimated to be gaining about $27 billion every year. He owns the biggest on-line social media company, popularly referred to as Facebook, and other household tech brands including Instagram and WhatsApp.
Facebook had a revenue of $70.7 billion last year and has about 2.5 billion monthly users. Its initial public offering in 2012 was the biggest-ever technology IPO in that era.
