Mark Zuckerberg’s personal wealth now exceeds $100 billion

by Peter Heck · Aug 7th, 2020 8:41 am
29

Last Updated Oct 14th, 2020 at 3:39 pm

The world's centibillionaire club just added its third member, as Mark Zuckerberg joined fellow tech tycoons Jeff Bezos and Bill Gates with a fortune eclipsing $100 billion.

The 36-year-old Zuckerberg broke the jaw-dropping wealth barrier after Facebook Inc., the company he started in 2004 and in which he currently holds a 13% ownership share, surged amid talk of the coming release of its TikTok rival, "Reels."

Zuckerberg's personal wealth has increased more than $20 billion this year alone, largely attributable to the fact that the coronavirus pandemic has greatly increased the time people spend on social media sites like Facebook.

Technology companies like Facebook, Amazon, Apple, Microsoft, and Alphabet, the parent company of Google, have grown so rapidly in recent years that they have market valuations roughly equal to 30% of the entire GDP of the United States.


Comments

There are 29 comments on this article.

You must become a subscriber or login to view or post comments on this article.