Mark Zuckerberg’s net worth: The Facebook founder’s astounding riches has been revealed following a severe outage.
MARK ZUCKERBERG is a media and internet entrepreneur from the United States, as well as the owner and co-founder of Facebook. But how much money does he have? Mark Zuckerberg, who also owns Instagram and WhatsApp, is the co-founder and owner of Facebook. On October 4, Facebook, WhatsApp, and Instagram all fell down, affecting millions of people. However, how much cash does the young entrepreneur have on hand? Mark Zuckerberg has a net worth of $116.9 billion, or roughly £85 billion, according to Forbes.
Mark is the youngest of the world’s top 100 wealthiest persons.
But how did the young businessman amass so much wealth?
Mark’s success may be traced back to his Facebook stock.
Mark was a programming prodigy at Harvard, where he studied psychology and computer science.
He founded Facebook in his Harvard dorm room in 2004.
He founded “Thefacebook” with classmates Dustin Moskovitz, Chris Hughes, and Eduardo Saverin, which would later become the largest social network.
When Facebook reached 500 million users in 2010, Mark Zuckerberg became one of the world’s wealthiest individuals.
Mark has an annual salary of $1, which is surprising.
Many multibillion-dollar business entrepreneurs, such as Zuckerberg, pay themselves minimal salaries in order to boost earnings.
A Facebook share cost $38 in 2012.
Instagram, a photo and video-sharing social platform, was purchased by Facebook for $1 billion in the same year.
A few years later, in 2018, the corporation generated $5.3 billion in share sales. Mark sold $1.86 billion worth of Facebook stock in 2019.
Facebook paid $16 billion in 2014 for WhatsApp, a messaging and social networking service.
A Facebook share is now worth $325 at the time of writing.
Priscilla Chan, a Harvard student that Mark met at a fraternity party, is Mark’s wife.
In addition to 700 acres in Hawaii, multiple mansions in Palo Alto, and a mansion in San Francisco, Zuckerberg and Chan own $200 million in real estate.
Their primary residence, though, is a modest 5,000-square-foot home in Palo Alto that he purchased for $7 million in 2011.
Mark, on the other hand, has a slew of additional properties across the country.
The millionaire owns two $100 million homes in Hawaii and a $59 million property on Lake Tahoe.