Facebook’s Mark Zuckerberg has had a good year, despite all the troubles he and his company went through. He will be $5 billion richer in 2020.
Zuckerberg was born on May 14th, 1984, in White Plains, New York. His parents, Karen, a psychiatrist, and Edward, a dentist, also had three daughters, Randi, Donna, and Arielle. They all grew up in Dobbs Ferry, New York. Mark attended Ardsley High School and later Phillips Exeter Academy. Considered a very bright student, he attended Johns Hopkins Center for Talented Youth.
Mark got interested in programming at an early age. While still in middle school, he started writing software. His father later got him a private tutor. While he was in high school, he created software he called ZuckNet, designed to allow all computers in his family home and his father’s dental office to communicate.
Zuckerberg enrolled at Harvard University with a reputation of programming prodigy. While there, he wrote several pieces of software with varying degrees of success. He started a website called Thefacebook in 2004 and was immediately accused by several students that he stole their idea. The lawsuit was settled for 1.2 million Facebook shares in 2008. The site proved to be a success and Mark dropped out from Harvard to pursue his business career. He was later awarded an honorary degree in 2017.
“I remember really vividly, you know, having pizza with my friends a day or two after—I opened up the first version of Facebook at the time I thought, “You know, someone needs to build a service like this for the world.” But I just never thought that we’d be the ones to help do it. And I think a lot of what it comes down to is we just cared more,” Mark said later when talking about the first version of Facebook.
After quitting Harvard, Zuckerberg and a group of his friends moved to Paolo Alto in California and rented a house that also served as their office. At first limited to universities, Facebook soon overgrew academic surroundings and became a global phenomenon. By 2010, the had 500 million users.
Lately, Facebook has come under a lot of critics, mainly for its policy regarding political ads. They have been accused by various sides of being biased and were even fined $5 billion by the FCC (Federal Communication Commission) in 2019. There were also some serious accusations of allowing terrorists to use Facebook as their soapbox, which allegedly led to Sri Lanka Easter Bombings, which caused 259 deaths and over 500 injuries.
Mark Zuckerberg Net Worth 2020
A vast majority of Mark’s wealth comes from his Facebook shares, of which he still retains around 15%. Although he doesn’t take a salary as CEO, aside form a symbolic one dollar annually, the dividends keep him well-taken care off. At the time of this article is written, Mark Zuckerberg Net Worth in 2020 is estimated at $82.1 billion, making him the fifth richest person on the planet, with excellent chances of surpassing Warren Buffet for the fourth spot.