Mark Zuckerberg’s Personal Wealth Hits $100 Billion After Instagram Reels Launch
Zuckerberg launched Facebook in 2004
Facebook also owns Instagram and WhatsApp
Mark Zuckerberg, The Facebook founder announced last Wednesday(5th Aug) rollout of new Instagram Reels across the US which has boosted Zuckerberg's wealth to $100 billion.
Reels is short form video platform like Tik-Tok which is very strategically launched in over 50 countries during a precarious time for rival TikTok.
By 2012 Facebook had one billion users. In 2020, Facebook has over two billion monthly users which favourably impact Instagram Reels.
After the launch Facebook shares rose by more than 6 percent yesterday and it places him among the world’s exclusive Centibillionaire Club, joining the likes of Amazon founder Jeff Bezos and Microsoft’s Bill Gates.
Here's how the CEO now compares to other top billionaires
Jeff Bezos ($185.8billion)
Amazon CEO and President
Amazon founder and CEO Jeff Bezos is the richest man in the world.
The 56-year-old American is said to have a net worth of $185.8billion (£144billion).
He founded Amazon in 1994 as an online bookstore that was based in his garage.
Bill Gates ($112.8 billion)
Bill Gates used to be well-known as the richest man in the world.
Microsoft is now pursuing talks to acquire TikTok’s US business. Insiders claims it could strike a $30billion deal to buy TikTok in a matter of days.
The American business man co-founded Microsoft in 1975. He is 64 and worth $112.8billion (£88billion).
Elon Musk ($70.6 billion)
Musk is currently working on the infamous Starlink satellite network
Musk has been making headlines recently as he takes on challenges in space with his company SpaceX.
At 49-years-old, his net worth is estimated at $70.6billion (£54billion)
Larry Page (66.2 billion)
The “Google” Man
Larry Page is apparently worth slightly more than the other co-founder of Google.
His net worth is estimated at around $66.2 billion (£50.6billion).
Now age 47, he founded Google with Brin in 1998.
Sergey Brin ($64.2 billion)
Founded Google with Larry
Internet entrepreneur and Computer scientist Sergey Brin co-founded Google with Larry Page.
He was born in Russia but has US citizenship. 46-year-old is net-worth $64.2 billion (£49million)
Jack Dorsey ($7.5 billion)
Twitter’s Creator and Cofounder
Dorsey is CEO of Twitter, the social media giant which he co-founded with Biz Stone, Ev Williams and Noah Glass in 2006.
Born in St. Louis, Missouri, on November 19, 1976 and has an estimated net worth of almost $8billion (£6billion).
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