Mark Zuckerberg is an American media magnate and entrepreneur. He is the founder and CEO of Facebook. Nowadays, the Facebook market cap is $932 billion.
Early Life and Education
Mark Zuckerberg was born in White Plains, New York in 1984. He belongs to a well-educated family. Zuckerberg was interested to develop programming at an early age. He was, 12 years old, created a messaging program as Zucknet that was implemented as an inter-office communication system for his father’s dental practice. His parent saw his ability and success. So, they brought a computer programming tutor while he was still in high school.
Many intelligent people attend Harvard University, soon Zuckerberg known as the go-to computer programmer on campus. When he was in his second year in his academy, he had built two programs there are CourseMatch and FaceMash. Both programs were popular but University shut down the programs.
Zuckerberg and his friends partnered to create a social networking site and that allowed Harvard students to connect with each other. Officially, in June 2004, declared as the name ‘The Facebook’.
Many venture capitals were attracted to the use of Facebook. At the first time, Facebook received a venture capital investment from Accel Partners which invested $12.7 million in the site. Facebook got offers from like Yahoo and Microsoft, increased its users. Its market cap touches $932 billion. Whereas Zuckerberg has around 375 million Facebook shares with 60% voting rights.
The net worth of Zuckerberg is $119 billion in 2021 but he will donate at least 50% of his net worth to philanthropic causes before he dies. For example, he donated more than $100 million to save the Newark school system in New Jersey.
When his daughter Max was born in 2015, 99% of their net worth will be given during their lifetime authored an open letter by Mark Zuckerburg and his wife Priscilla Chan. some people were criticized about this and said that Zuckerberg and Chan have set up limited liability corporation, not a charitable trust. As a result, the corporation can make for-profit investment and political donation.