Mark Zuckerberg net worth

This post is basically on Mark Zuckerberg net worth, basic life style and brief biography.

Mark Zuckerberg fully named Mark Elliot Zuckerberg ; (born May 14, 1984) is an American media magnate, internet entrepreneur, and philanthropist. Mark is also known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder.

While he also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members.

Table of contents

• 1. Mark Zuckerberg brief biography
• 2. Mack Zuckerberg college life
• 3. Zuckerberg net worth

Mark Zuckerberg brief biography

• Born : Mark Elliot Zuckerberg
  May 14, 1984 (age 36)
  White Plains, New York, U.S.
• Education : Harvard University (dropped out)
• Occupation : Internet entrepreneur, American media magnate and philanthropist
• Active years : 2004 till present
• Spouse(s) : Priscilla Chan (married 2012)
• Children : 2 (August, Maxima Chan Zuckerberg)
• Website : facebook.com/zuck

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Mark Zuckerberg was born on May 14, 1984, in White Plains, New York, into a comfortable, well-educated family. He was raised in the nearby village of Dobbs Ferry.

His father, Edward Zuckerberg, ran a dental practice attached to the family’s home. His mother, Karen, worked as a psychiatrist before the birth of the couple’s four children — Mark, Randi, Donna and Arielle.

Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named “Zucknet.” His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the house.

Together with his friends, he also created computer games just for fun. “I had a bunch of friends who were artists,” he said. “They’d come over, draw stuff, and I’d build a game out of it.”

Mack Zuckerberg college life

Mark Zuckerberg later became captain of his prep school fencing team and earned a classics diploma. Napster co-founder Sean Parker, a close friend, notes that Zuckerberg was “really into Greek odysseys and all that stuff”, recalling how he once quoted lines from the Roman epic poem Aeneid, by Virgil, during a Facebook product conference.

During Mark Zuckerberg’s high school years, he worked under the company name Intelligent Media Group to build a music player called the Synapse Media Player. The device used machine learning to learn the user’s listening habits, which was posted to Slashdot and received a rating of 3 out of 5 from PC Magazine.

Mark Zuckerberg studied psychology and computer science and belonged to Alpha Epsilon Pi and Kirkland House. In his sophomore year, he wrote a program that he called CourseMatch, which allowed users to make class selection decisions based on the choices of other students and also to help them form study groups. A short time later, he created a different program he initially called Facemash that let students select the best-looking person from a choice of photos. According to Arie Hasit, Zuckerberg’s roommate at the time, “he built the site for fun.” Hasit explains:

“We had books called Face Books, which included the names and pictures of everyone who lived in the student dorms. At first, he built a site and placed two pictures or pictures of two males and two females. Visitors to the site had to choose who was “hotter” and according to the votes there would be a ranking.”

The site went up over a weekend, but by Monday morning, the college shut it down, because its popularity had overwhelmed one of Harvard’s network switches and prevented students from accessing the Internet. In addition, many students complained that their photos were being used without permission.

The following semester, in January 2004, Zuckerberg began writing code for his new Developed website. Mark On February 4, 2004, Zuckerberg launched “Thefacebook,” originally located at thefacebook.com.

However, in 2006, the business mogul faced his first big problem from the people; the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses.

Zuckerberg maintained that the ideas were based on two very different types of social networks. After lawyers searched Zuckerberg’s records, incriminating instant messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users’ private information to his friends.

Zuckerberg later apologized for the incriminating messages, saying he regretted them. “If you’re going to go on to build a service that is influential and that a lot of people rely on, then you need to be mature, right?” he said in an interview with The New Yorker. “I think I’ve grown and learned a lot.”

Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock.

Zuckerberg net worth

On September 26, 2006, the big time came when the team behind Facebook decided to open membership to everyone. Rapid growth ensued and by 2007, Microsoft Corp had invested $240 million for a minority 1.6 percent stake in Facebook. The social network at the time was already worth $15 billion.

On May 18, 2012, Facebook went public and started trading on the Nasdaq. When trading began, the social network’s share was $38 per share with a company worth more than $82 billion.

Mark Zuckerberg, found 2018 as a tough yeas as news of the Cambridge Analytica scandal broke. It was revealed that the data-analytics company had harvested the personal information of millions of Facebook user’s profiles without consent. The company then used the data for political advertising.

Despite the scandal, Facebook’s stock value rose by 1 percent. And because Zuckerberg owns 88.1 percent of the company’s shares, he saw their worth rise from $202.31 to $204.87 after the settlement, which resulted in the shares being worth $84.1 billion. In actuality, Zuckerberg had made more than $1 billion in the shadow of the scandal.

Facebook announced its third-quarter 2019 earnings on October 30, 2019. The social networking company reported $17.65 billion. Zuckerberg is the largest shareholder with 12.18 million Class A shares and 365.72 million Class B shares.

According to Forbes, Zuckerberg is worth a staggering $73.4 billion, firmly placing him in the top 3 of the world’s richest people.

However with the increase in net worth, Mark Zuckerberg passed billionaires Warren Buffett (Berkshire Hathaway CEO) and Bernard Arnault (chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE). Now Zuckerberg is right behind Amazon CEO Jeff Bezos ($146 billion) and Microsoft co-founder Bill Gates ($110 billion).