Mon, 06 Jul 2020

After declining about $20bn in 2018, Mark Zuckerberg's fortune is bouncing back.

Facebook shares jumped Thursday in New York trading - increasing his net worth by about $4.6bn - after the social-networking firm reported first-quarter earnings Wednesday night that won near-unanimous praise from Wall Street analysts.

That brings his year-to-date advance to $24bn, the most of anyone on the Bloomberg Billionaires Index.

Zuckerberg's gain tops that of Bernard Arnault, who has seen his fortune increase $23bn in 2019.

Here are the world's biggest billionaire winners, losers of 2018

Jeff Bezos would have topped both except for the finalisation of his divorce from MacKenzie Bezos, which cut his net worth by $36bn this month and wiped out his 2019 gains.

Facebook shares were up 7.2% to $195.78 at 09:55 and have climbed 49% this year.

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