Mark Zuckerberg Net worth: Centibillionaire Club
On Thursday, Facebook’s Mark Zuckerberg joined the so-called Centibillionaire Club. The gang of three people that have a net worth of quite $100 billion. the sole other club members are Amazon chief Jeff Bezos and Microsoft co-founder Gates.
Do you know what’s really cool? $100 billion.
The BBC reports that Zuckerberg was pushed into the cash stratosphere when Instagram, which is owned by Facebook, launched a TikTok competitor, sending Facebook’s share price up by quite 6 percent. Zuck owns 13 percent of the corporate.
It’s beyond the wildest dreams of even his early mentor, Sean Parker. During a memorable scene from “The Social Network”. The 2010 movie about the founding of Facebook Parker. Played by Justin Timberlake, warns Zuckerberg to not sell the corporate for $1 million: “A million dollars isn’t that cool. Do you recognize what’s cool? A billion dollars.”
TikTok prepares advertisers for possible app ban
Despite launching a rival app earlier in the week, Mr. Zuckerberg said during a Facebook meeting on Thursday that he’s concerned by a possible ban of TikTok, consistent with Buzzfeed.
“I just think it’s a very bad long-term precedent. Which it must be handled with the utmost care and gravity regardless of the solution is,” he said.
“I am really worried … it could alright have long-term consequences in other countries around the world,” Mr. Zuckerberg added.
Facebook is currently banned in China, where ByteDance is predicated, alongside Google and other apps created by technology companies within the US.
The social media site, alongside Amazon and Google, have all seen an increase in users during the coronavirus pandemic, as people have had to figure from home and minimize time outdoors.
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The companies have also benefited financially, and Bloomberg reported that Mr. Zuckerberg’s personal net worth has risen by $22bn (£16bn) thus far in 2020, while Mr. Bezos’ has increased by $75bn (£57bn).