Mark Zuckerberg, Facebook CEO, has entered into the world’s most high-class club of the ultra-rich people.
On Thursday, Mark Zuckerberg became one of the centimillionaires, a person with at least a hundred billion dollars. After surging shares in the social network, Mark Zuckerberg crossed the milestone. Moreover, there are just two other men, Bill Gates of Microsoft and Jeff Bezos of Amazon, who have greater treasures.
Facebook’s CEO has become a centibillionaire: someone who is worth at least $100 billion https://t.co/BBiOna7M6t
— CNN Business (@CNNBusiness) August 7, 2020
In 2004, he co-founded a giant social media platform, Facebook, from his dorm room, and Zuckerberg still holds thirteen percent shares of the firm, described by Bloomberg Billionaire Index, which is a daily ranking of the world’s richest persons.
Zuckerberg is also a controlling shareholder as well as chairman of the Facebook. On Thursday, Mark Zuckerberg’s capital attained its recent plunge when Facebook’s share surged 6.5 percent, one day after, when the firm launched its Reels app (copycat of TikTok) on Instagram. Furthermore, the launch of the short video characteristic embedded when United States President Donald Trump tried to restrict the TikTok app, a Chinese mobile application that has acquired huge popularity in recent years.
Trump made a good move
On Thursday, President Trump made a good move by issuing an order that would ban TikTok app from working in the U.S. in case if the owner of the app doesn’t agree to give away its business to the United States company within forty-five days.
TikTok owner has been having a conversation about a potential sale with the U.S firm Microsoft; however, the Chinese firm’s chief has shown reservations about the forceful approach of the White House.
Besides this, TikTok has priorly pointed at Facebook and Kevin Mayer, CEO, smashing Zuckerberg’s Reels as clone product.
Last week, in a blog post, he wrote that to those who want to launch a competitive product, we say bring it on. The overview of the competitive app on Instagram also appeared a week after when Facebook declared strong earnings.
Earlier Saturday, Facebook said that it had hit a new record of three billion users across all its platforms such as Instagram and WhatsApp.
Facebook even said that it had helped maximum people across the world who were staying their homes because of the Coronavirus pandemic.
Thus far, this year, the company stock surged around 30 percent, which directly add 22 billion dollars to Mark Zuckerberg’s capital.