|Net Worth:||$528 Billion|
How much is Facebook’s net worth? How does Facebook make its money? Below is the current net worth of Facebook and how Facebook makes its money.
WHAT IS FACEBOOK’S NET WORTH?
Facebook is an American-based social networking technology company that has a net worth of $528 billion. It was founded in 2004 by Mark Zuckerberg while he was a student at Harvard University. Since then, it has amassed a figure of roughly 3 billion users.
Facebook helps people compose individual accounts, upload pictures, and news stories, maintain contact with friends, etc, all on its official website.
Prior to its Initial Public Offering in May 2012, Facebook was a private company. Facebook expected to gain a value of $10.6 billion by selling 337 million shares valued between $28 and $35 per share, in the IPO. It was generally predicted that a good number of prominent members of the company would sell many shares with the IPO. Mark Zuckerberg, its founder, sold 30.2 million shares, earning him a value of $1.057 billion.
However, he is still in control of over 500 million shares not sold in the IPO, which increases his net worth alone to an estimated $16 billion.
Here on Networthforum, we calculate all net worth using data drawn from public sources. Most times, we incorporate tips and feedback received from the company or its representatives.
While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates, unless otherwise indicated.
This page is updated from time to time so that our readers will know the current net worth of Facebook. So feel free to check back for the current Facebook’s net worth in case of any updates.