Mark Zuckerberg Facebook founder becomes world’s 3rd Centibillionaire

Mark Zuckerberg, age 36, Facebook founder has become the third centibillionaire in the World.

Following Bloomberg Billionaires Index, Zuckerberg’s fortune has topped $100bn for the first time, which automatically place him among members of the world’s centibillionaires’ club, after Facebook’s shares surged by 6% on investor optimism over the news the company plans to launch Instagram Reels, a rival to the Chinese video-sharing application TikTok.

After US President Donald Trump banned US companies from dealing with ByteDance, Tencent, the Chinese owners of TikTok and the WeChat messaging service, Facebook announced the US roll out of Instagram Reels. 

Mark Zuckerberg has now joined Jeff Bezos, the Amazon founder, and Bill Gates, Microsoft’s founder, as the only people who have centibillionaire status, the Bloomberg Billionaires Index said.

Mark Zuckerberg, who founded Facebook in 2004 and owns a 13% stake in the company, gained about US$22 billion this year.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s