Latest Posts

    Mark Zuckerberg: Facebook CEO’s Net Worth

    How rich is Mark Zuckerberg?

    Born on May 14, 1984, in New York State, Mark Elliot Zuckerberg is the founder and CEO of Facebook Inc., one of the richest people in the world and the second youngest self-made billionaire of all time. In 2009 he was the youngest billionaire. However, the eight-day younger Facebook co-founder Dustin Moskovitz also became a billionaire in 2010 and is therefore considered the youngest self-made billionaire. However, Mark Zuckerberg “earns” no more than a US dollar salary per year, which he chose. But he owns a lot of money with his 28% stake in Facebook. The cherished Mark Zuckerberg’s net worth is € 78.12 billion. In a public letter to his first-born daughter Max, the billionaire announced that he would donate 99% of his equity stake during his life.

    Mark Zuckerberg is among the top 10 richest people in the world

    According to Forbes, Mark Zuckerberg may only have annual earnings of $ 1, but he is in the top 10 richest men in the world with his fortune. Before Google Boss Larry Page since 2014, just like before Sergey Brin. However, he does not yet come close to Microsoft founder  Bill Gates, who currently occupies second place with 102.04 billion euros. But how do you get this fortune if you only pay yourself a symbolic US dollar a year? Above all, it is the stocks with which Zuckerberg generates this net worth. He still holds 28% of Facebook Inc. That means that as the share price rises, he increases his wealth and that a falling share price reduces his wealth.

    And the share price is also the reason for its symbolic content. Many large entrepreneurs in the United States pay only a dollar. This allows them to maximize their company’s profit and thereby drive the stock prices higher. You benefit from this, as does your company. Also, Mark Zuckerberg and his wife Priscilla, whom he has known since university, own a modest house in Palo Alto, directly contacting the neighbors.

    The career of Mark Zuckerberg

    Zuckerberg showed a high affinity for computers and programming languages even at a young age. When he was still attending middle school, his father taught him the Atari BASIC programming language. He even hired him a teacher – none other than the then software developer David Newman – for whom Mark Zuckerberg was to become his most demanding student because Zuckerberg was so gifted that it was anything but easy for Newman to get ahead of his apprentice.

    Zuckerberg had already been very interested in virtual communication in those early years. So he developed a kind of messenger with which his father, a dentist, should contact his practice from home via computer. But it wasn’t just virtual communication that attracted him, but also simple computer games. His advantage was that he already had a large and diversified network of artists who provided him with various ideas and materials for his smaller games. That network also included the co-founder of Napster Sean Parker, played by Justin Timberlake in the film “The Social Network”. What many do not know, however, is that Zuckerberg, who at the time had not yet monetized his software programming skills, also had a weakness for classical philology, i.e., Latin and ancient Greek.

    The time at Harvard

    During his time at Harvard University, Mark Zuckerberg’s future path would emerge. Because although he was registered for computer science and psychology, he programmed CourseMach on the side. This useful program made it possible to see which courses other students have chosen. So you could adjust your own course choice accordingly if necessary. It was also possible to see if friends had chosen the same course that one was about to choose. So you could be sure to form study groups during the course if there were any questions or uncertainties. Although CourseMach was very popular, Mark Zuckerberg earned nothing from that program. And yet, it should be an important step on his way to Facebook.

    A few weeks later, Mark Zuckerberg published the controversial FaceMash. This program and this website were based on the CourseMash algorithm. With the difference, no courses were rated and chosen, but Zuckerberg’s fellow students’ faces. As in many other US dormitories

    There were also so-called “facebooks” in Zuckerberg’s dormitory. These are photo albums in which the pictures of all the dormitory residents can be seen with a little bit of information about themselves. Zuckerberg used these images without their roommates’ permission and created a website with the scanned material on which two faces were always facing each other, and you could choose which face looked more attractive. After a short time, complaints increased, which resulted in a public apology from Zuckerberg. Also, the university took the website offline independently because it was overloading its servers.

    The Facebook

    But this didn’t detract from Zuckerberg’s creativity. Just one semester later, Mark Zuckerberg developed Facebook. The article was later to be dropped and was reduced to Facebook. The well-known social network, which was very similar to a traditional face book in its early phase. Each user had a page with a personal picture and a little information about themselves. There was also a short status line in which you could write what you were doing.

    However, just days after it started, some of the fellow students involved in the project – the brothers Cameron and Tyler Winklevoss and Divya Narendra – complained about assuming they were creating a social network for their university. At the same time, Zuckerberg shared their ideas and used his ideas. The dispute was later judged in their favor. On February 4, 2004, Zuckerberg started with Facebook. The co-founders officially include Dustin Moskovitz, Chris Hughes, and Eduardo Saverin. Thefacebook was initially reserved for students at American universities. It was only sometime later that the network was to be open to the whole world.

    Goals for Facebook

    At that time, Mark Zuckerberg also decided to move to Palo Alto, California. Palo Alto, also known as Silicon Valley, was, of course, the right place to build a fruitful network in the computer industry. At the same time – already in the early Facebook phase – Zuckerberg got great offers from bigger companies ready to buy Facebook. Offers in the millions were represented depending on the assessment, but Zuckerberg declined a Facebook sale. Despite the successful start, the first official Facebook office was a leased house.

    Mark Zuckerberg should monetize his network through more and more advertising. It was important to him that the advertising never became a disruptive measure because he wanted to see a growing influx of visitors in the future. According to his statement, his goal for the future is to enable internet access for all people in the world. He also wants to multiply the current number of Facebook users.

    Latest Posts

    Don't Miss