Photo: ReutersPhoto: ReutersFacebook CEO Mark Zuckerberg must be a happy man today. After all, he earned over $3 billion in just an hour after Facebook posted stellar quarterly results on Wednesday, beating Wall Street estimates and sending its shares to an all-time high.
Now, Zuckerberg's net worth has hit a new high of $56.7 billion, according to FORBES estimates.
Facebook's 32-year-old founder and chief executive is currently the world's fifth-richest person, right behind Jeff Bezos, who has an estimated fortune of $64 billion.
The social media giant on Wednesday reported 59.2 per cent jump in its second-quarter revenue to $6.4 billion as its mobile app and push into video attracted new advertisers and encouraged existing ones to spend more.
Facebook now has more than 1.7 billion monthly users, well ahead of any rivals.
The company's shares were up 5.4 per cent in after-hours trading at $130.01, after hitting their highest since the company went public in 2012.
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"Facebook has shown that you can be a giant and you can be innovative," told analyst Patrick Moorhead of Moor Insights & Strategy to Reuters.
"What is working very well is their very quick shift from desktop to mobility. This was their biggest issue when they went public."
Mobile advertising revenue contributed 84 per cent to the company's total advertising revenue, compared with 76 per cent a year earlier.
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