- 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.
