Facebook’s Mark Zuckerberg has become the world’s third centibillionaire after shares of the social media giant jumped by 6% on investor optimism over the prospects of the new launch of the TikTok clone, Instagram Reels.
Instagram Reels was launched a few days ago on the back on the ongoing security concerns that the US government has about the operations of TikTok in US. Today, President Trump signed an executive order to ban TikTok and another Chinese company, WeChat from operating the US after 45 days if they have not sold their operations in the country to non- Chinese companies.
Mark Zuckerberg with an estimated net worth of over $100 million, now joins Amazon’s Jeff Bezos who is worth $ 190 billion and Microsoft’s founder, Bill Gates, who is worth $ 120 billion.
36 year old Zuckerberg owns 13% of Facebook, a company he founded in 2004 with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes
The corona pandemic has really boosted most tech companies net worth, helping Zuckerberg’s net worth rise by about $22bn this year, and Bezos’s fortune jumping by more than $75bn
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