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Mark Zuckerberg Facebook founder becomes a Centibillionaire

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Facebook founder and CEO, Mark Zuckerberg. Photo Courtesy

His wealth surpasses KSh10 Trillion

The 36-year-old Facebook founder has seen his net worth skyrocket due to coronavirus lockdowns. Mark Zuckerberg, set a new personal record as he just became the world’s third billionaire to cross the $100 billion mark. Zuckerberg’s new net worth has put him in the club of big rich men in the world who have also gone past the centi-billion mark. Mark Zuckerberg, Jeff Bezos, and Bill Gates are reportedly the only individuals in the world worth at least $100 billion.

Zuckerberg now joins fellow tech titans Bill Gates and Amazon’s Jeff Bezos, both of whom have already crossed the $100 billion mark. Even with the pandemic, American tech giants have had their wealth grow more Mark Zuckerberg’s fortune passed a $100 billion (KSh 10,800,000,000,000) mark for the first time on Thursday, August 6, after his company.

Facebook founder and CEO, Mark Zuckerberg. Photo Courtesy

The net worth of Facebook CEO is mainly derived from his stake in Facebook, and Zuckerberg has a 13% stake in the world’s largest social network – Facebook. The founder of one of the largest tech companies and other executives of online companies have enjoyed a mind-boggling accumulation of wealth during the coronavirus pandemic since people are locked into their houses and spend more time on their devices.

Mark Zuckerberg gained nearly $22 billion during 2020, and Jeff Bezos earned more than $75 billion. The staggering numbers have put the CEOs of tech giants under intense scrutiny. Last month, Facebook’s Mark Zuckerberg, Apple’s Tim Cook, Jeff Bezos, Google’s Sundar Pichai had to testify before Congress to defend allegations that the power and influence of these tech giants are out of control.

Currently, Microsoft, Apple, Alphabet, Amazon, and Facebook have market valuations equivalent to nearly 30% of the United States gross domestic product. Mark Zuckerberg founded Facebook from his Harvard University dorm room back in the year 2004 which is now the world’s largest social media platform. The 36-year-old billionaire says that he plans to give away 99% of his shares in Facebook over his lifetime.

Felicity Gitonga

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