Facebook founder, Mark Zuckerberg, 36, has become the third centibillionaire in the World.
Facebook founder Mark Zuckerberg, 36, joined the very exclusive centibillionaire club on Thursday, as his net worth has surpassed US $ 100 billion, after Facebook’s shares surged by 6% on investor optimism over the news the company plans to launch Instagram Reels, a rival to the Chinese video-sharing application TikTok.
This comes after Facebook launched Instagram Reels, a competitor to China’s TikTok app. The Chinese app is is being banned in several big markets, including India and in the US. Shares of the social media giant jumped by 6% on investor optimism over the prospects of the new launch.
Zuckerberg, is now privy to the club which has only two other members, Amazon’s founder, Jezz Bezos, who net worth is $ 190 billion and Microsoft’s founder, Bill Gates, who is worth $ 120 billion, according to Bloomberg Billionaires Index. All the members of the centibillionaire club are from the technology industry, based out in US.
Mark Zuckerberg, who founded Facebook in 2004 and owns a 13% stake in the company, gained about US$22 billion this year.