Zuckerberg becomes world's ninth richest person as stock prices rise

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According to CNN, the social media giant Facebook's stock price hit a new record high on Tuesday, approaching the $100 mark. So far, Facebook's stock price has risen by 25%, an increase of 160% since its IPO in 2012. Now, Facebook's market value has reached a staggering $275 billion.

This is definitely good news for Facebook shareholders, but no one has benefited more than Facebook CEO Mark Zuckerberg, who has become the ninth richest person in the world thanks to the stock price increase, according to Bloomberg.

Zuckerberg's net worth is approaching $43 billion, surpassing the wealth of IKEA founder and Sweden's richest man Ingvar Kamprad this week. Zuckerberg may soon move up the list again, with his net worth approaching that of Amazon CEO Jeff Bezos and Oracle Chairman Larry Ellison, who are both worth about $44 billion.

And Zuckerberg isn't the only billionaire at Facebook. Forbes magazine reported that Facebook co-founders Dustin Moskovitz and Eduardo Saverin have personal net worths of $10.1 billion and $6 billion, respectively. In addition, Facebook's first president Sean Parker has a net worth of $3.1 billion. Facebook's current chief operating officer Sheryl Sandberg is worth more than $1.2 billion.

As Facebook continues to expand its platform into messaging, video and e-commerce, it should have plenty of ways to make money for the company and its shareholders. Facebook reports second-quarter earnings on July 20.