Mark Zuckerberg Net Worth – How Much Is Facebook Worth
Do you want to know Who is Mark Zuckerberg? How much is Mark Zuckerberg worth? Who is the richest person in the world? How much is Facebook worth? How old was Mark Zuckerberg when he became a billionaire? Well worry not all your queries about Mark Zuckerberg’s Net Worth is cleared in this article
| Name: | Mark Elliot Zuckerberg |
|---|---|
| Age: | 40 |
| Born: | 05/14/1984 |
| Country: | American |
| Profession: | Entrepreneur, Software Developer, Businessperson, Computer scientist |
Who is Mark Zuckerberg?
Do you want to know Who Mark Zuckerberg? Mark Zuckerberg, serving as the chairman, Owner, and co-founder of Facebook. He owns the most famous social media platforms like Facebook, WhatsApp, and Instagram. In this article, we will throw light on the life of Zuckerberg and how he got so much success at such a young age. The age of Mark is 37 years
Major Facts
- Mark Zuckerberg built the most famous social media platform, Facebook along with his friends. He created Facebook in the dorm room when he was studying at Harvard. Now, it has a value of $932 billion.
- Facebook, Instagram, and their competitor Twitter are the most popular social media sites in the world.
- He is the richest person in the world.
- Mark Zuckerberg has a whopping net worth of $119 billion as of May 2021, making him one of the richest people in the world.
- Facebook came into the news when it banned former U.S President Donald Trump in January 2021, following the capital hills riots.
Mark Zuckerberg Education and Early Life
Mark Zuckerberg was born on May 14, 1984, in New York, he grew up in Dobbs Ferry. His family was educated and made him curious at an early age, Zuckerberg found his interest in computer programming since he was a child.
Zuckerberg’s father, Edward Zuckerberg ran a dental practice. His mother Karen worked as a psychiatrist before the birth of their four children, named Randi, Arielle, Donna, and Mark.
When Zuckerberg turned 12, he managed to create a messaging program, Zucknet. He made this program as a way of communicating for his father’s office. His parents saw his interest in computer programming and got him a tutor even when he was just a teen. He got admission to a prep school in New Hampshire, Mark Zuckerberg’s college name is Harvard University Zuckerberg got admission at Harvard University after finishing prep school.
Mark Zuckerberg Family
Following are the Mark Zuckerberg Family members
- Randi Zuckerberg ( Sister)
- Priscilla Chen(Wife)
- Maxima Chan Zuckerberg(Daughter)
Career
Harvard University has a reputation of having the most brilliant students, Mark got famous quickly due to his massive interest in computer programming. When he gets to sophomore year, he successfully built two programs named Course Match and Face Mash. Both of his programs received an appraisal, the university however shut down Face Mash after being considered appropriate by some people.
After getting popularity and good reviews on his programs, Zuckerberg partnered with his friends with the idea of making a social media networking site. He wanted to create a platform for Harvard students that can make communication easy for them. The social media networking site finally went live in June 2004 with the name “The Facebook”. Zuckerberg could not be more joyous to see the success of his social media networking site. Within two weeks half of the student body had signed up. Zuckerberg’s roommates, Chris Hughes and Dustin Moskovitz helped him in expanding the social media networking site to other universities of the country. With the addition of more features, Facebook became more famous as users could create profiles, upload photos, and communicate with their friends. It is quite different from other sites in the way that it focuses more on real names and email addresses. Users not only get in touch with their friends but also with friends of friends Zuckerberg called this connection “social graph”.
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In 2004, they moved their headquarters to Palo Alto, California. Zuckerberg talked with Peter Thiel to grant them seed money as an investment. Mark Zuckerberg became full-time president and CEO of Facebook when he left Harvard University. After receiving the first investment, Facebook opened the registration for other high school students. As of 2006, more colleges and universities reach out for registration. Zuckerberg rejected buyout offers of many tech companies in 2007, Digital Sky
Technologies purchased 1.96 percent share for $200 million. In 2008, the net worth of Zuckerberg increased to almost $1.5 billion. The estimated net worth of Mark Zuckerberg increased to almost $19 billion in 2012.
After that, Zuckerberg dropped out of college to manage Facebook. At the end of the following year, the website almost got one million users. The growing popularity of Facebook got the attention of venture capital (VC) firms, this gave the opportunity to shift to Silicon Valley in 2005. Facebook received the investments from Accel Partners, which invested $12.7 million in the site that was just accessible to Ivy League students before.
At the end of 2005, Facebook was accessed by more students at other schools, spiking the user count to 5.5 million users. With its immense popularity, Facebook gets investment offers from Tech giants of that time, Yahoo and Microsoft. Facebook then slowly becomes the largest and most famous social media networking site in the world.
In 2021, Facebook released the first-quarter earnings ratio of 2021. The company declares a profit of $26.17 billion, 48% from the year-earlier quarter, increasing the estimated ratio, and the higher earnings per share and overall income. The user ratio, 2.85 billion increases up to 10% from year to year.
As of this year, Facebook has a market value of $932 billion. Mark Zuckerberg holds 60% of the shares and owns over 375 million via voting rights.
Mark Zuckerberg Net Worth – How Much Is Mark Zuckerberg Worth
Do you want to know How Much Is Mark Zuckerberg Worth? Mark Zuckerberg net worth 2020 is $97 billion. Now the estimated Mark Zuckerberg net worth 2021 is 121.1 billion
Major Influence
Zuckerberg has a massive net worth of $119 billion as of 2021, he also signed the Giving Pledge agreement. He will donate half of his net worth for philanthropy causes before his death. He donated almost $100 million to save the Newark school system in New Jersey. On the birth of his daughter, Zuckerberg and his wife Priscilla Chan wrote an open letter that they would give away 99% of their net worth during their life. He faced a lot of criticism on the way of donating his net worth.
The charity foundation owned by Zuckerberg and Chan is a limited corporation, not exactly a charity trust. That allows them to do things that other charitable trusts are not allowed to do, but it seems like it benefits them more than the charitable foundation itself. If we talk about corporations, they can make political donations and profitable investments. Charitable trusts are not allowed to do political donations like corporations.
Cambridge Analytica and Trump Ban
In April 2018, Mark Zuckerberg testified before Congress after the news came out that the company shared the user’s information with the political consulting firm Cambridge Analytica. According to Forbes, the fast drop in the stock price of Facebook comes after the company warned investors of a steep growth slope and profit ratio, indicating both the company had failed to secure the user’s data from harm and misuse.
More recently, on January 7, 2021, Facebook banned former President Donald Trump from Facebook and Instagram after his inciting speech to U.S capitol rioters on Jan 6. On May 5, 2021, the Facebook oversight board made the statement that the decision was fine but the indefinite time period was not right. They have to decide whether the ban is temporary or permanent.
Harvard Connection and Legal Battle
Mark Zuckerberg was succeeding in his career, he faced trouble in 2006 when the makers of Harvard Connection said that Zuckerberg stole their main idea. They say he needs to pay them for the software. He however emphasized that the ideas were a combination of two different social networks. When the lawyers searched, they found out that he might have stolen the concept on purpose. They also say that he gives Facebook users’ private information to his friends.
He apologized later and said that he regretted them by saying in an interview, “If you are going to go on to build a service that has an effect on people, you have to be mature. I think now I am grown up and learned from my experience. The settlement of $65 million was decided between two groups; the legal battle continued till 2011.
Mark Zuckerberg Instagram: https://www.instagram.com/zuck/
Facebook IPO
In May 2012, Facebook had its first public offering that generated about $16 billion, the biggest Internet IPO ever. After that, the Facebook stock price dropped, even though it was expected that the price would go up. In 2013, Facebook made it to the Fortune 500 list, Zuckerberg was just 20 years of age at that time.
The Social Network Movie
In 2010, the screenwriter Aaron Sorkin’s anticipated movie The Social Network was released. The film got eight Academy Award nominations. The film was based on the 2009 book The Accidental Billionaires by writer Ben Mezrich. Mezrich faced criticism that he tells Zuckerberg’s story with fictional characters and re-structured dialogues.
Zuckerberg has also criticized the movie and says that many details about him are wrong like according the movie Zuckerberg had been dating his girlfriend since 2003. He said the movie even depicts the very same shirt that he wears and then some other details are completely wrong.
Mark Zuckerberg’s Wife
Mark Zuckerberg married Priscilla Chan, a Chinese American medical student he met at Harvard years ago. They exchange the vows a day after Facebook’s IPO. They surprised the guests with their marriage in Palo Alto, California, the guests thought that it was Chan’s graduation celebration.
Mark Zuckerberg’s Daughters
Mark Zuckerberg has two daughters, Max, born on November 30, 2015, and August born on August 28, 2017. They announced the news on Facebook both times, he announced that he would be away from work for two months to spend time with his family. He came back on February 25, 2016, to receive the Axel Springer Award in Berlin.
Philanthropy
Zuckerberg donates millions of dollars for philanthropy purposes, the most common example being in September 2010, where he donated $100 million to save the failing Newark Public Schools system in New Jersey.
In the same year, he signed the “Giving Pledge” to donate half of his fortune during his lifetime. Other members of the Giving Pledge are Warren Buffett, Bill Gates, George Lucas, etc. After signing that, he asked other young fellows to donate their wealth. He said, “With a generation of younger folks who have thrived on the success of their companies, there is a huge opportunity for many of us to give back before in our lifetime and see the effect of our philanthropy”.
In 2015, when his daughter was born, he and his wife wrote an open letter pledging that they would donate 99 percent of their wealth to the community. “We are determined to do our small part to create the world for all the children, we would give 99% of the Facebook shares, about $45 billion, during our lives to join the ones who are trying to improve this world for the next generation,” they said in the open letter.
In 2016, Zuckerberg and Chan announced the Chan Zuckerberg Initiative
(CZI), they put the company’s shares in this corporation. They pledge to invest $3 billion for scientific research over the next decade to help cure and treat diseases in their lifetime. The famous neuroscientist Cori Bargmann of The Rockefeller University, was appointed the president of science at CZI.
They founded the Chan Zuckerberg Biohub, a San Francisco-based research center that would bring together the experts in the scientific community. A partnership between Stanford University, the University of California, San Francisco, and the University of California would receive $600 million in funding for the ten years.
