Facebook founder Mark Zuckerberg’s personal net worth surpassed $100 billion for first time on Thursday, after his social media company stock hit a record high on optimism about the release of its TikTok competitor Reels.
The 36-year-old social media boss thus became the world’s third centibillionaire, joining tech titans Jeff Bezos and Bill Gates. They are the only people globally to hold the status, according to Bloomberg Billionaires Index. Zuckerberg’s net worth is largely derived from his 13 percent stake in Facebook.
US tech moguls have seen their fortunes skyrocket this year. They are getting richer even faster as the pandemic drives more activity online.
The collective wealth of tech billionaires in Bloomberg’s index (a ranking of the world’s 500 richest people) has nearly doubled since 2016, from $751 billion to $1.4 trillion today. That is a faster rate than in every other sector.
Seven of the world’s 10 richest people are from the technology sector, with a combined net worth of $666 billion, up $147 billion this year.
Why did you stop posting news?
The Make Billionaires Pay Act, now that's funny. Their lawyers and accountants would have them losing billions by year end netting them hundreds of millions in tax deductions. Anyone that think they will actually pay one extra cent has more advanced dementia than Biden.
Most likely it was their idea. Buffet spews this garbage as often as he drinks a coke.