Mark Zuckerberg, the genius behind the world’s most popular social media platform, has an estimated net worth of $137 billion.
He is the youngest billionaire ever to surpass an estimated net worth of $100 billion, based on historical data from the Bloomberg Billionaire Index
The stock of Facebook is currently trading near its 52-week high of $377, up 27% year to date. Over the same period, the S&P 500 rose 19%.
Southpaw business leader, Zuckerberg has posted a wealth gain of $33.4 billion since 2021. He plans to give away 99% of his Facebook shares during his lifetime.
Joining Amazon, Apple, Microsoft, and Alphabet, the parent company of Google, Facebook is the fifth American company to reach the trillion-dollar milestone.
Currently, Zuckerberg is worth more than 1.88 billion barrels of oil or 75.3 million troy ounces of gold, according to his most recent wealth valuation.
Is Facebook still a buy?
- The stock’s growing popularity among investors is justified, of course. Facebook’s advertising business has experienced tremendous growth, and its quarterly revenue and earnings continue to beat analysts expectations.
- In addition, Facebook has an extraordinary amount of business momentum. Compared to the third quarter of 2020, the second-quarter revenue increased 56% year over year, and the third-quarter revenue is expected to rise a slower but still impressive 37%.
- Last but not least, Facebook stock’s valuation is still very conservative. In five years, analysts forecast that earnings per share will grow at about 29% annually, yet the stock trades at 27 times earnings.
- Sure, it’s impossible to predict what will happen with the stock in the near future, however, its valuation and fundamentals certainly make this company’s stock attractive. It would not be surprising to see the market bid up the stock until it trades at a higher premium until the shares move sideways or even fall in the near term.
Source: Nairamatrics.com
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