Mack Zuckerberg is riding high after Facebook shares reportedly soared to a record 33.8 billion dollars following news of higher profits.
Facebook incurred heavy profits after it introduced its new mobile app that was launched by the social network site with the aim of starting a social newspaper for its users.
According to the Sydney Morning Herald, the stock ended up 14.1 percent at an all-time closing high of US61.11 dollars ($69.58) a day after the social network's profit in the fourth quarter jumped eightfold from a year earlier to US523 million dollars ($595m), increasing its net income for the year to US1.5 billion dollars ($1.7b).
Meanwhile, reports state that Zuckerberg's current fortune is equal to more than US 1 billion dollars for each of his living year.