Facebook’s CEO, Mark Zuckerberg Becomes World’s 3rd Centi-Billionaire

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Chief Executive Officer and Founder of Facebook, Mark Zuckerberg  becomes the World’s 3rd Centi-billionaire. He has joined Amazon’s CEO, Jeff Bezos, and Microsoft’s founder Bill Gates, as the only people with centi-billionaire status.

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Facebook’s CEO Mark Zuckerberg Becomes World’s 3rd Centibillionaire

According to the report from Bloomberg Billionaires Index, Mark’s net worth has topped $100bn for the first time, placing him among members of the world’s centibillionaires’ club.

This comes on Thursday after Facebook’s shares surged by 6% on the news that the company plans to launch Instagram Reels, a rival to the Chinese video-sharing application TikTok.

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Earlier this week, US President Donald Trump banned US companies from dealing with ByteDance and Tencent – the Chinese owners of TikTok and the WeChat messaging service.

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The 36-year old media magnate has joined Jeff Bezos, the Amazon founder, and Bill Gates, Microsoft’s founder, as the only people who have centibillionaire status, the Bloomberg Billionaires Index said.

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Zuckerberg, who founded Facebook while a student at Harvard in 2004, owns a 13% stake in the company. Earlier, he said that he was going to give away 99% of his Facebook shares over his lifetime to charity.

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