Technowize Magazine - - Cover Story -

Net worth: $71.1 bil­lion USD How he made his bil­lions: Face­book, Inc. Lo­ca­tion: Palo Alto, Cal­i­for­nia Age: 33

At an age where Mil­len­ni­als are buried in stu­dent debt and tepid in­come growth, some have al­ready made some se­ri­ous moolah. At the age of thirty three, chair­man and chief ex­ec­u­tive of Face­book, Inc., Mark Zucker­berg has achieved more than any of us could ever dream of in one life­time. The Face­ co-founder be­came a bil­lion­aire in 2008 at age 23. Face­book’s IPO made Zucker­berg the ‘youngest self-made bil­lion­aire’ in his­tory un­til the ti­tle was snagged up by Snapchat co­founder Evan Spiegel five years later. We looked at Zucker­berg’s net worth and found that he re­mains atop the list of the rich­est in­di­vid­u­als un­der 40.

The “hoodie” clad pro­gram­ming prodigy launched “the­face­” from his Har­vard dorm room on Fe­bru­ary 4, 2005. He was just 19 at the time and “didn’t know much about busi­ness back then.” The won­derkid turned down mil­lion dol­lar of­fers from AOL, Bill Gates, and even MTV. The Har­vard-based so­cial net­work is now used by more than two bil­lion users world­wide. De­spite a har­row­ing per­for­mance of the com­pany’s IPO in 2012, each share has now risen more than 100 per­cent in the past cou­ple of years. Mark Zucker­berg is an im­mensely tal­ented strate­gist, and he keeps ac­quir­ing com­pa­nies that con­tinue their op­er­a­tion un­der Face­book, Inc. Some of his power pur­chases in­clude Whatsapp at $19 bil­lion, Instagram at $1 bil­lion, and Ocu­lus Rift for $2 bil­lion. On the phi­lan­thropy front, Mark Zucker­berg con­tin­ues to re­main ac­tive us­ing FWD.US to cam­paign for im­mi­gra­tion re­form and ad­vance­ments in sci­ence and tech­nol­ogy ed­u­ca­tion.

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