Mark Zuckerberg Net Worth Skyrockets To $3.7 Billion As Facebook Second-Quarter Closes, Dustin Moskovitz $1 Billion: Is Mobile Market The Reason?

Mark Zuckerberg's net worth continues to increase and in one day, it jumped $3.7 billion after Facebook revealed its second-quarter earnings.

On Thursday, Facebook's shares closed at a one-year high of $34.36 during its second-quarter meeting, according to Forbes, which bumped the net worth of Mark Zuckerberg to $3.7 billion than it was before. The co-founder of the social network's total net worth is $16.1 billion. The shares went up 29.6%.

The CEO's net worth skyrocketed as well as the other co-founder of Facebook, Dustin Moskovitz. His net worth jumped $1 billion on Wednesday, thus pushing his total to $4.5 billion. Since Moskovitz was born shortly after Mark Zuckerberg, he is the youngest billionaire in the world.

"We had a lot of progress in the last three months on growing our community engagement, releasing a successful major product and generating strong financial results," Zuckerberg told Forbes Wednesday.

Adapting to mobile has been one of the reasons that Facebook has flourished this quarter. Facebook revamped its mobile app in order to make more room for advertisers and it worked.  

"Very few people saw the pace at which the entire activity of the planet's Internet connectivity was going to move toward mobile," said David Kirkpatrick, author of The Facebook Effect, a history of the company, in a telephone interview. "It's clearly under way now. They've really done a 180-degree shift toward mobile, even if it was somewhat belatedly," said Kirkpatrick.