Sunday, January 8, 2023

Mark Zuckerberg

 Mark Zuckerberg is an American technology entrepreneur and philanthropist who has an estimated net worth of $37 billion. Mark Zuckerberg is one of the richest individuals in the world and has been living for the majority of the last decade. Of the 100 richest people in the world, Mark is the youngest. Of the top 30 people, Mark is the youngest by more than one decade.Perhaps it's not surprising that the vast majority of Mark's fortune is due to his stakes in Facebook. Mark currently holds approximately 400 million shares in Facebook. The shares are divided into different classes with different voting rights. He owns approximately 12 million Class A shares, and 365 million of shares in Class B. That's 81% of all Facebook shares. Through those Class B super voting shares, Mark has 53% voting rights over the business. Mark has control over Dustin Moskovitz's Class B voting rights. Mark therefore has 53 percent of the voting power. Mark Zuckerberg reached $100 billion on the 7th of August 2020. His net worth reached $137 billion at the end of 2021, which makes him the third richest man on earth.

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