Mark Zuckerberg Net Worth

74

Quick Facts

Net Worth$66 Billion
Date of BirthMay 14, 1984
Age35 years old
ProfessionTechnology Entrepreneur, Philanthropist
CountryUnited States of America

Advertisement

Mark Zuckerberg Net Worth

American internet entrepreneur and the co-founder of the world’s largest social media website Facebook, Mark Zuckerberg has an estimated net worth of $66 billion as of 2019. Most of his fortune comes from his 14% stock in Facebook, which are about 503 million shares, businesses, and personal investments. He receives $1 as an annual salary from Facebook.

Zuckerberg was born in 1984 in White Plains, New York and was raised in New Hampshire. As a software prodigy, he developed his own instant messenger program at his 12 called ZuckNet to help his dentist father allowing the receptionist to let him know about new patients arrival.

As a teenager, he developed the Synapse Media Player with Adam D’Angelo, the present-day CEO of Quora and former CTO of Facebook. The media player used machine learning to categorize users’ listening habits. Both AOL and Microsoft tried to purchase Synapse from him for several million dollars and recruit Zuckerberg to their companies, but Zuckerberg went to turn down both and instead went to Harvard College in September 2002.

In his second year at Harvard, Zuckerberg launched Facemash, a site comparing the relative “hotness” of Harvard students. Facebook, today’s largest social networking site, was inspired by Facemash, which was only limited to Harvard students, then known as TheFacebook. It was later made accessible to other universities and then to high schools and eventually to anyone older than 13 in 2006. Soon, the platform becomes the world’s biggest social media website and as of now, it has more than 150 billion monthly active users.

Zuckerberg soon explored the possibility of potential revenue from the platform when the site was in the early stages of launch. Advertising program was later integrated into the platform which forms the major source of income to the company as well as to him. In 2016, Facebook brought in nearly $28 billion in advertising revenue.

Plus, there is more to Facebook than just the social network. Since 2005, Facebook has purchased around fifty other companies, including Instagram, Whatsapp, Oculus VR, and Lightbox. Zuckerberg seems serious about diversifying. In April of 2016, he referenced artificial intelligence, world connectivity, and augmented/virtual reality as personal missions in the years to come.

Mark Zuckerberg was one of the first signatories of the Giving Pledge, a philanthropic effort by Bill Gates and Warren Buffett. In December 2012, Zuckerberg and his wife Priscilla Chan announced that over the course of their lives they would give the majority of their wealth to “advancing human potential and promoting equality” in the spirit of The Giving Pledge. In 2015, he pledged to give away 99 percent of his shares in Facebook to fund his philanthropic efforts.

This techie billionaire, Mark Zuckerberg has an extensive collection of exotic cars including an Acura TSX, a Honda Fit, a Volkswagen Golf GTi, an Infiniti G Sedan, and a Pagani Huayra. Mark lives in a beautiful Palo Alto house which he bought for $7 million. The house spreads over 5,167 square feet and boasts five bedrooms and five and a half bathrooms and a large pool.

Zuckerberg became the world’s youngest self-made billionaire when he was 23 years old. Also, he is the youngest person to get featured under 50 in the Forbes ten richest people list, and in the Top 20 Billionaires list. As of 2019, Mark Zuckerberg’s net worth is at $66 billion.

Loading...
You might also like