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Facebook's Zuckerberg now wealthier than Apple's Jobs

updated 09:10 pm EDT, Wed September 22, 2010

Facebook CEO leapfrogs Steve Jobs in net worth

Facebook creator Mark Zuckerberg has already passed Apple CEO Steve Jobs in net worth, a check of the pair's finances discovered tonight. The social network's leader at 26 has roughly tripled his value in a year's time to $6.9 billion through a private valuation of Facebook at $23 billion, increasing the worth of his personal stake. Jobs, 55, added a relatively modest $1 billion and is worth $6.1 billion, Forbes determined.

The gap largely comes from the balance of shares. Most of Zuckerberg's worth is tied to Facebook itself, while just 5.5 million of Jobs' shares, or $1.3 billion, is invested in Apple, the company he helped create. He holds about 138 million shares, or $4.4 billion, in Disney as a condition of the deal that sold Pixar to Disney four years ago. Apple's market value has surged in the past year to reach an all-time high, but Disney has remained quiet and wouldn't be a growth driver for Jobs' stock. Facebook's much more concentrated wealth has made any significant growth more meaningful for Zuckerberg and anyone connected.

Both CEOs have had only partial contact despite their new closeness in wealth. Apple allows Facebook contact sync but had troubled negotiations for Ping. Facebook in turn has one of the most popular apps on iOS devices but has mostly stayed away from being either a close partner or a competitor; it just today shot down rumors of a Facebook phone and said it would work with Apple in the limited form possible.



By Electronista Staff
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Comments

  1. Foe Hammer

    Fresh-Faced Recruit

    Joined: Feb 2005

    +13

    And Not One Penny Of It ...

    ... is or ever will be from me. Facebook just doesn't offer any kind of value to me, at least not in the way that Apple and its products do.

  1. rvhernandez

    Fresh-Faced Recruit

    Joined: Apr 2005

    +16

    Not Worth Sh*t Until...

    He's able to sell his stock. Last time I checked, FB wasn't a publicly traded company. So that valuation, is just anyone's guess.

  1. aardman

    Fresh-Faced Recruit

    Joined: Nov 2009

    +5

    Wealthier than Jobs but . . .

    Still lacks the ability to tell right from wrong.

  1. Herod

    Fresh-Faced Recruit

    Joined: Jun 2007

    +4

    life is a dream

    on farmville.

  1. bjojade

    Fresh-Faced Recruit

    Joined: Jun 2007

    +7

    Imaginary numbers

    Find a buyer of facebook for that amount and then you can report this as fact. In reality, FB will likely start to see a decline in value, as have all other major players. Better sell before that happens!

  1. JeffHarris

    Fresh-Faced Recruit

    Joined: Oct 1999

    +1

    Just what the world needs...

    ... Is yet another way too rich weasel.
    There's already one Bill Gates.

    FaceBook is 90% drivel, distraction & narcissism.
    Maybe he'll take his dough and make a real contribution to the world someday.

  1. jarod

    Fresh-Faced Recruit

    Joined: Apr 2005

    +4

    Worthless Douche!

    FaceBook is garbage; always been, always will be.

  1. Eriamjh

    Addicted to MacNN

    Joined: Oct 2001

    +4

    Value of FB?

    Maybe in FB dollars, but not in real money.

  1. thebiggfrogg

    Fresh-Faced Recruit

    Joined: Jul 2007

    0

    all that money...

    and he can't get a decent haircut? JK, I can't point fingers I have no hair! Triple Zoinks!

  1. Foe Hammer

    Fresh-Faced Recruit

    Joined: Feb 2005

    +1

    Now Don't Be Hatin' On Zuck's Hair ...

    ... it isn't his fault he went through puberty on the top of his head.

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