It’s been an interesting year so far for billions of people around the world. From massive unemployment as a result of the lockdown to startups folding because of lack of funds and patronage, it’s been interesting for majority of people. But there are some who have been smiling to the bank and the latest one is Facebook CEO Mark Zuckerberg. He is the latest “centibliionaire” in the world with a net worth of over $100b for the first time since founding the social media giant. He is the third person to cross the $100b mark in the world joining Amazon founder Jeff Bezos and Microsoft founder worth about $190b and $112b respectively.
Facebook shares surged today in early trading to give Zuckerberg a whole new net worth.
Facebook is the biggest social media company in the world with over 2.7b users globally. The company has consolidated its stand in this space by acquiring Instagram, WhatsApp, Giphy and Oculus among others. Facebook’s messaging services Messenger and WhatsApp account for nearly a third of all messages shared daily globally and this is when you factor in SMS from all telecom operators globally. Facebook now has a market value of $775b and is on track to joining Apple, Google, Amazon and Microsoft all of whom have tasted the one trillion-dollar mark at some point.
Facebook this week announced Reels to take on TikTok which has now been asked to sell its American business to Microsoft or face being totally banned in 45 days.
Facebook began operations in 2004 and went public in 2012 raising about $18b in its IPO. Mark Zuckerberg now worth $100b is 36 years old and lives in California with his wife and two daughters.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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