Breaking News
Translate

Mark Zuckerberg’s net worth crosses $100bn mark

Kindly Share This Story:
Mark Zuckerberg, Facebook, Coronavirus
Zuckerberg rejects US senator’s challenge to sell WhatsApp, Instagram

Mark Zuckerberg’s net worth passed US$100-billion for the first time on Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels.

The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index. Zuckerberg’s net worth is largely derived from his 13% stake in Facebook.

ALSO READ: Jeff Bezos sells Amazon shares worth $3.1billion

The founders of America’s largest technology companies have enjoyed a mind-boggling accumulation of wealth this year as the coronavirus pandemic drives more people online, despite the US economy contracting at its fastest pace on record. Zuckerberg has gained about $22-billion this year. Bezos is up more than $75-billion.

The staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple CEO Tim Cook and Alphabet head Sundar Pichai testifying before the US Congress last month to defend allegations that their power and influence are out of control.

Tech Central

Vanguard

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!