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Mark Zuckerberg almost as rich as Larry Ellison

It look as if Mark Zuckerberg is set to get even richer than he is now. His stake in Facebook is said to be worth $28.4 billion, making him richer than Google’s co-founders and almost at the same level as Larry Ellison, who started Oracle almost 35 years ago.

The 27 year old Zuckerberg who founded Facebook, is the CEO of the company and the top shareholder as they prepare to go public. He has 533.8 million shares, which translates to 28.4 percent of the company. Digital Sky Technologies and Accel Partners own a combined 16.4 percent.

Mark Zuckerberg. (Photo by Kim White/Getty Images)

Facebook could raise as much as $5 billion in an IPO. They are said to be valued between $75 billion and $100 billion, according to experts in the industry. Zuckerberg will own stock said to be worth $28.4 billion. He also controls 56.9 percent of the voting power when it comes to decisions.

The Google co founders Larry Page and Sergey Brin are worth more than $15 billion each. Ellison, is worth $31 billion thanks to his stock ownership in Oracle.

Rebecca Lieb, an analyst at Altimeter Group in New York said “It looks from this as if Zuckerberg is maintaining a lot of control. He’s shown a great deal of wisdom and maturity in bringing the company to this level of stability and profitability before going public.”

Kitguru: What to do with all that money? Bill Gates gives a lot of his away to charities.

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