Earlier this week, GSV Capital bought 225,000 shares of Facebook stock at an average price of $29.28 per share—giving the social networking site a valuation of about $70 billion and making its founder Mark Zuckerberg the world’s third richest tech titan.
When Forbes calculated its World’s Richest People list back in February, Facebook was valued at a mere $50 billion, putting Zuckerberg’s net worth at around $13.5 billion. Now, based on the 40 percent valuation increase, Forbes estimates that his mostly paper fortune (assuming that he has quietly sold about $1 billion worth of shares) is upwards of $18 billion.
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