Category: Mark Zuckerberg

Posted on

Mark Zuckerberg is the Third Person in the World to Achieve Centibillionaire Status

Even Mark Zuckerberg couldn’t have predicted that Facebook would ever grow this huge. Yet, the former Harvard dropout’s company has become not just a money-making machine but also a part of everyday life.

As a result of his brilliant and bold business, Zuckerberg has become a wealthy man. Even amongst the world’s elite, he still stands above nearly everyone else.

Photo Credit: Wikimedia Commons

In fact, the 36-year-old Facebook CEO became just the third centibillionaire in the world on Thursday, August 6. Coincidentally, the company just released Reels, its competitor to TikTok.

With a net worth in excess of $100 billion, that puts Zuckerberg on the same level as Jeff Bezos and Bill Gates.

Of course, his route to fame and fortune has been well-documented. Zuckerberg co-founded Facebook from his dorm room in 2004.

Photo Credit: Wikimedia Commons

Even years later, he still maintains a 13% stake in the company. That paid off big time recently when the company’s stock price surged by 6.5% after Reels launched on Instagram—another key part of Facebook’s assets.

Reels could turn into another revenue-generating machine given Donald Trump’s threat to ban TikTok. The Chinese-owned app has become very popular, especially with so many stuck at home during the COVID-19 pandemic.

Photo Credit: Pexels

Speaking of the pandemic, Facebook has acknowledged that its engagement numbers have increased with people staying in their homes and perusing the platform for entertainment.

In 2020 alone, Facebook shares have increased by nearly 30%. As a result, Zuckerberg’s added $22 million to his impressive fortune.

Sadly for Zuckerberg, that still puts him well behind Bezos.

Photo Credit: Wikimedia Commons

The richest man in the world gained more than $75 billion during that same span. But who’s really counting?

What is your favorite part of the Facebook platform? Do you plan on using Reels instead of TikTok?

Tell us in the comments!

The post Mark Zuckerberg is the Third Person in the World to Achieve Centibillionaire Status appeared first on UberFacts.

Posted on

A Man Proved That 5 “Self-Made Billionaires” Had a Lot of Help Getting to the Top

We all love to hear that old, classic story of the boot-strapped self-made billionaire, right? It inspires us all to think that anyone can achieve anything if they just work for it hard enough.

The trouble is, that isn’t usually true. Sure, every so often someone might pull off the unthinkable, but generally, most very successful people have had help somewhere along the way.

For many people, that often means having been born into a family that already has considerable wealth.

This is definitely the case for each of these 5 “self-made” billionaires that are regularly touted as having done all the work by themselves.

Recently, one man decided to break apart why each of the people on this list isn’t as self-made as they might want you to believe.

1. Jeff Bezos

We all know the story of Amazon, right? Jeff Bezos founded the company in 1994 in his garage. It’s pretty impressive!

Well, the truth is, Jeff had a hefty investment from two wealthy benefactors: his mom and dad.

2. Bill Gates

As Aidan explains, this “rags to riches” storyline is often found in the biographies of the rich and famous.

However, it’s not usually entirely… true.

Oh yeah… Bill had A LOT of help.

Sure, Bill Gates has skills, but he definitely had significant help along the way.

3. Warren Buffet

Warren is a well-known investor, and his whole story goes like this: he was a scrappy kid who was just really good at investing.

Except, well, his dad was… a pretty big deal.

If you want to see something REALLY eye opening… look at how much wealth Buffet had accumulated by the time he left… HIGH SCHOOL.

4. Mark Zuckerberg

Many people know the general story surrounding the founding of Facebook. Mark started the site when he was in college. Precocious, right?

Well, Mark was getting by on more than just his brain.

The tuition for the school he attended alone was more than many families make in a year.

He was also fortunate to already be in the right social circles.

5. Kylie Jenner

Kylie has managed to build a massive cosmetics empire by a young age. It’s really impressive!

But there’s no denying that she comes from a wildly successful and wealthy family.

Without the connections afforded to her by her family, it’s not likely that she would be in the position she is today… just like everyone else on this list.

Can you believe some of those stories?

It’s truly impressive what each of these people has built, and it’s also worth knowing how they got to where they are.

Don’t forget to share this eye-opener with your friends, and let us know which part surprised you the most in the comments!

The post A Man Proved That 5 “Self-Made Billionaires” Had a Lot of Help Getting to the Top appeared first on UberFacts.

Posted on

Mark Zuckerberg was sued by…

Mark Zuckerberg was sued by 3 reporters from the Crimson, after Zuckerberg hacked into their email accounts to monitor the investigation against him. He used their invalid logins on facebook.com, to zero in on their email passwords. 10