The site is the second most visited worldwide, right after Google. It is believed that users spend over 700 billion minutes per month on the site. This Harvard dropout runs his own monetary system Facebook Credits in order to facilitate transactions.
CEO - Facebook
Full Name - Mark Elliot Zuckerberg
Date of Birth – 14th May, 1984
Birth Place - White Plains, New York, U.S.
Height - 5' 9" (1.75 m)
Marital Status - Married (Priscilla Chan)
Children - Maxima Chan Zuckerberg (Daughter)
Source of Wealth - Facebook
Occupation – Founder and CEO Facebook
Education Harvard University (Dropout)
Net Worth – >
How much is Mark Zuckerberg's Net Worth in 2017?
Mark Elliot Zuckerberg was born on May 14, 1984 and has made his way to the elite class of billionaires. As of 2017, his net worth stands to be 54.9 billion US dollars so far.
He is quite literally half the age of typical CEO’s. At 23 he became a billionaire and is best known as internet entrepreneur, computer programmer and the co-founder of Facebook.
For an IPO price of $42 a share for Facebook, Mark Zuckerberg sold 30 million shares on the day of the stock’s debut just to raise cash in order to pay taxes. He retained 503 million shares at the conclusion of the IPO. Despite losing $7.2 billion, Mark Zuckerberg is still among the 25 richest people in the world.
How it began?
Facebook went live on February 4, 2004 and was available only to three Ivy League schools (Yale, Stanford, and Columbia). Little was it known that it would go on to appeal to a larger audience. It began spreading to the other colleges, then to workplaces in 2006. It started off as thefacebook.com which, in 2009, became known as just Facebook.
This is where the idea for FaceSmash came into being, there are about a billion of them worldwide. Mark makes the most money off his stock in Facebook. It is believed that he had about 503 million shares at one time. He went on to purchase Oculus, the virtual reality company which boosted his net worth to about 6.3 billion US dollars.
At a young age, Mark developed programs after being called a child prodigy by the developer who tutored him. This tag seemed to have followed him well into his years at Harvard as well. It is said that once, he caused the entire campus internet to be inaccessible to a site he created for fun, had too many visitors that it overloaded the network. It was in 2009 that the site was actually successful. This is when the cash starting to flow for the young man.
By the end of 2012, the company profited by amounts that were over 1.8 Billion US dollars. 40% of it came from on site ads. The site also announced that 56% of the revenue came from just the United States. 12% came in from a social network game provider called Zynga- this was when Farmville, was a smash hit in the virtual world. The company went public in May 2012 and the shares were 38 dollars each. This meant that the company had a value of 104 billion dollars, which was the largest for a newly listed company.
Where it goes?
It doesn’t come as a surprise that an income as high as this would lead to a spending of just about the same. In 2014, it is believed that the Facebook founder spent 100 million US dollars for 700 acres of land in Kauai which is an island in Hawaii. The land spans over 700 acres and includes a sugar plantation and a beach.
He resides in Palo Alto which has become his home. What’s worth more than his home are the four houses beside it. Rumor has it that one of his neighbors aimed to build a mansion whose windows faced Zuckerberg’s bedroom. That same neighbor sold the land and is reportedly suing Mark.
Mark Zuckerberg's Charity Works
Mark Zuckerberg had previously announced to give away 99% of his net worth to charity. This happened once his daughter was born as he wishes to improve the world for his daughter. A man with a heart- that’s who Mark really is. Despite his claims, he still is one the richest men in the world and his net worth seems to be rising higher and higher by the day.
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