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Thursday, July 23, 2015

Facebook founder Mark Zuckerberg moves step closer to becoming world's richest person

31-year-old overtakes 89-year-old Ikea founder to move up to ninth in Bloomberg's billionaire list
Mark Zuckerberg has moved a step closer to becoming the richest person on the planet.

The Facebook founder has moved up to ninth place in Bloomberg's billionaire list , overtaking Ikea founder Ingvar Kamprad.

Mr Zuckerberg, 31, has a fortune of $43.1bn, a rise of $8.6bn in the year so far.

Facebook (NasdaqGS: FB - news) 's shares hit a record high of $98.39 on Tuesday as analysts prepare for what they believe will be bumper results next week.

The social network's second-quarter figures are expected to show a booming video advertising business, as well as strong growth at Instagram, Facebook's picture sharing website.

The shares have risen 25pc so far this year and more than 160pc from their flotation price in 2012. Facebook now has a market capitalisation of $275bn.

Ikea founder Ingvar Kamprad
Meanwhile, 89-year-old Mr Kampard has seen his wealth drop by $2.8bn in 2015, to stand at $42.2bn.

Ikea revealed in January that global profits had flatlined at €3.3bn, with income in the UK falling by 10.5pc.

Mr Zuckerberg is now just $300m behind Larry Ellison in Bloomberg's list. The Oracle (Hanover: ORC.HA - news) founder is worth $43.4bn. Amazon founder Jeff Bezos is in seventh place with $43.5bn.

However, Mr Zuckerberg is still far behind the richest person in the world. Microsoft (NasdaqGS: MSFT - news) founder Bill Gates has a fortune estimated at $85.2bn.

Microsoft founder Bill Gates
He is followed by Inditex (Berlin: IXD1.BE - news) owner Amancio Ortega with $70.8bn and investor Warren Buffett with $67.6bn.

The highest-placed female in Bloomberg's list is Christy Walton. The widow of John T Walton, the second son of Wal-Mart founder Sam Walton, has a fortune of $36.8bn.

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