The most Facebook (full board) The CEO on Thursday became a hundred-billionaire: someone worth at least $ 100 billion. He crossed the cornerstone after the shares on the social network jumped. Only two other men, Amazon (AMZN)is Jeff Bezos and Microsoft (MSFT)Bill Gates has greater personal wealth.
The 36-year-old is also Facebook chairman and controlling shareholder.
Zuckerberg’s fortune took its final blow after Facebook shares rose 6.5 percent on Thursday, a day after the company launched its TikTok branch, Reels, on Instagram. The release of the short video game came just as US President Donald Trump threatened to ban TikTok, the Chinese app that exploded in popularity over the past year.
Trump took advantage of the threat on Thursday by issuing an executive order that would block TikTok from operating in the United States if Chinese owner ByteDance does not sell the business to a US company within 45 days.
ByteDance is in talks with Microsoft for a potential sale, although the head of the Chinese company expressed reservations about the strong approach of the White House.
TikTok also recently turned directly to Facebook, with CEO Kevin Meyer hitting Reels as “another copycat product.”
“For those who want to launch competitive products, we say import it,” he wrote in a blog post last week.
The introduction of Reels also came a week after Facebook reported strong revenue. Last Thursday, the company said it had reached a new record of 3 billion users on its platforms, including WhatsApp and Instagram.
The company also noted that it benefited as more people around the world stayed home due to the pandemic, increasing its engagements in the quarter that ended in June.
Facebook shares are almost 30% so far this year, which adds $ 22 billion to Zuckerberg’s wealth.
In 2010, the CEO signed Pledge, an initiative launched by Warren Buffett and Bill and Melinda Gates to encourage the world’s richest to donate most of their wealth to charity.
And in 2015, Zuckerberg went a step further by announcing that he would share what he does with 99% of his Facebook share.