With Facebook’s frenzied IPO headed toward a huge first-day
pop, Mark Zuckerberg, already the world’s youngest paper billionaire, is poised
to shoot up the list of the wealthiest people and could catapult past the ranks
of well-known, and much older, heavyweights — even fabled investor Warren
Buffett.
At the high end, Zuckerberg’s cut of Facebook is worth
$19.25 billion after the company raised the price for its initial public
offering to a $34 to $38 range. His personal fortune, however, could more than
double if Facebook’s shares explode in their first day of trading, similar to
LinkedIn’s spectacular debut..
The much-smaller professional social networking company rose
a whopping 109 percent in its opening day last year. A first-day bang like that
would swell Zuckerberg’s net worth to north of $40 billion. That personal fortune would propel him past
Buffett, the second-richest American with an estimated $39 billion, and Oracle
chief Larry Ellison, at No. 3 with $35 billion, according to Forbes. Bill Gates
tops the list with an estimated $59 billion....
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