Here Is How Mobile Phones Made Mark Zuckerberg The Sixth-Richest Person On Earth

By Vijaykumar

| Updated: Saturday, January 30, 2016, 13:25 [IST]

Mark Zuckerberg is now the sixth-richest person on Earth and the fourth-richest in the US. His net worth has surpassed the politically influential Koch brothers, according to the Bloomberg Billionaires Index.

How Mobile Phones Made Mark Zuckerberg The 6th-Richest Person On Earth

The company has reported a quarter of record revenue, with the sales up by 52 percent and the net income is more than double since last year. Facebook CEO's wealth rose by $6 Billion (approx Rs. 40609.67 crores) and the 31-year-old is now worth $47.5 billion (approx Rs. 322284.88 crores).

According to the report, the only people wealthier than Zuckerberg are Microsoft co-founder Bill Gates with $78 billion, Zara founder Amancio Ortega holding $69.7 billion, the Oracle of Omaha Warren Buffett with $59.4 billion, Amazon founder and CEO Jeff Bezos at 55.8 billion and telecom magnate Carlos Slim Helu holding $47.5 billion.

The report further states that out of 100 richest people, Zuckerberg is one of the only seven billionaires to see an increase in their net worth this year. While, the top five richest people in the world have seen their wealth decrease over the past year.

The success to Facebook came in large part as it figured out how to make money from the smartphones that we use every day. Here are the three key takeaways from Facebook's earning report.

$5.6 Billion From Advertising

Facebook makes nearly all of its revenue by selling space to advertisers. Many big-spending brands think having their products and services on Facebook News Feed makes great changes.

80 Percent Of Revenue Came From Mobile Advertisement

People are increasingly shifting from desktops to smartphones. A full 80 percent of advertising revenue comes from mobile devices, as users scroll their News Feed have no choice to encounter ads along the way.

Facebook's Mobile User-Base Growing

With 1 billion daily active Facebook users only, a milestone will likely cross this year. More than half of Facebook's users only access the site or the app on a mobile device. The company has not released the geographic figures for this data, but it is likely that mobile-only users live in countries where smartphones are the primary internet access point.