The personal fortune of Facebook founder Mark Zuckerberg has doubled to 9 billion pounds after his social networking site got a huge cash injection from Goldman Sachs.
The New York Times reported that the banking giant pumped in 291 million pounds in Facebook, with Russian investment firm Digital Sky Technologies investing in a further £32 million.
Zuckerberg, who owns a quarter of Facebook’s shares, was immediately catapulted from 212 into the top 40 of Forbes’ list of billionaires, reports the Daily Mail.
The 26-year-old social media tycoon is already one of the world’s youngest billionaires.
Facebook is now valued at £32 billion, making it worth more than Yahoo! ,eBay and Time Warner.
