Entrepreneurs
Mark Zuckerberg Net Worth
Net Worth: | $164 Billion |
---|---|
Age: | 40 |
Born: | May 14, 1984 |
Gender: | Male |
Height: | 1.75 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Founder of Facebook |
Last Updated: | Dec 25, 2024 |
What is Mark Zuckerberg’s net worth?
Mark Zuckerberg is an American entrepreneur, programmer, and Founder of Meta with an estimated net worth of $164 Billion.
Zuckerberg is one of the richest people in the world, and he’s still the youngest person on the list.
Early Life
Facebook founder, Mark Zuckerberg, was born in White Plains, New York, on the 14th of May, 1984.
Mark was raised with his three sisters, Randi, Donna, and Arielle, in Dobbs Ferry, New York, a small Westchester County village just north of Midtown Manhattan.
He attended Ardsley High School before transferring to Phillips Exeter Academy, a private school in New Hampshire. Zuckerberg, who was an excellent student at school, won various awards in science.
Mark developed an interest in computers and programming at a young age. By the time he was in high school, he had already created several computer programs.
Zuckerberg wrote a program called Synapse Media Player, which used machine learning algorithms to create playlists based on a user’s listening habits.
Personal Life
Mark Zuckerberg is a proud husband and father of two daughters, Maxima Chan Zuckerberg, and August.
He met his wife, Priscilla Chan, while they were both students at Harvard University. They began dating in 2003 and married in 2012.
Priscilla, who is a pediatrician and philanthropist, has been a significant influence on Mark’s philanthropic endeavors. The couple has pledged to give away 99% of their Facebook shares to charities over their lifetime through The Giving Pledge, an initiative started by Warren Buffet and Bill and Melinda Gates.
Mark and Priscilla welcomed their first daughter, Maxima Chan Zuckerberg, in 2015 and their second one, August, in 2017. Mark often shares photos of his family on social media, and he is known for being a hands-on father who takes an active role in his daughter’s upbringing.
Career
In January 2004, a would-be computer programming prodigy Zuckerberg began writing code for a new website, and already on February 4, 2004, he launched Facebook from his Harvard dorm room.
An earlier inspiration for Facebook may have come from Phillips Exeter Academy, the prep school from which Zuckerberg graduated in 2002.
Initially, Facebook was only for members of Harvard. It was called “Thefacebook” and was designed as a way for students at Harvard to connect online with one another.
It then spread to other schools, beginning with Columbia University, New York University, Stanford, Dartmouth, Cornell, University of Pennsylvania, Brown, and Yale.
This was where the popularity began to grow. The site rapidly went global, reaching 500 million users by 2010.
The office moved from Harvard to California, and the team grew significantly.
More About Facebook
In 2008, Netscape CFO Peter Currie joined Facebook’s board of directors. Currie was brought on to help the company prepare for an eventual initial public offering (IPO) on the New York Stock Exchange.
This IPO took place in May of 2012 and was one of the largest in history, raising $16 billion for Facebook.
In early 2018, a data breach occurred, where millions of Facebook users’ personal data was harvested without consent by Cambridge Analytica to be used for predominantly political advertising. This data break was the largest known leak in Facebook history. It resulted in Mark Zuckerberg having to testify before Congress to ensure how safe user data was in Facebook’s hands.
Despite all challenges, nowadays, Facebook is the hub for people to catch up with their friend’s activities and one of the biggest news sources on the web.
Legal Issues
Over the years, Mark Zuckerberg has faced several legal issues related to the social network he created. Here is the list of some of the most notable legal challenges:
- Privacy concerns: Facebook has faced numerous accusations of mishandling user data and violating privacy laws. In 2018, it was revealed that the political consulting firm Cambridge Analytica had obtained data from millions of Facebook users without their consent. This led to an investigation by the Federal Trade Commission (FTC), which resulted in a $5 billion settlement with Facebook.
- Intellectual property disputes: Facebook has been involved in many legal battles over intellectual property, including a high-profile case with the social networking site ConnectU. The lawsuit alleged that Zuckerberg had stolen the idea for Facebook from the founders of ConnectU while he was a student at Harvard. The case was eventually settled for $65 million.
- Content moderation: Facebook has also faced legal challenges related to its content moderation policies. In 2020, the company was sued by civil rights groups who accused it of failing to take action against hate speech and misinformation on the platform. The case is ongoing.
Despite these legal challenges, Zuckerberg and Facebook have continued to grow and dominate the world of social media.
Estimated Net Worth
In 2024, Mark Zuckerberg’s net worth is estimated to be $164 Billion.
Net Worth Over Time
Year | Net Worth |
---|---|
2004 | $1 Million |
2005 | $20 Million |
2006 | $100 Million |
2007 | $1 Billion |
2008 | $1.5 Billion |
2009 | $2 Billion |
2010 | $4 Billion |
2011 | $17.5 Billion |
2012 | $17.5 Billion |
2013 | $13.3 Billion |
2014 | $28.5 Billion |
2015 | $33.4 Billion |
2016 | $44.6 Billion |
2017 | $56 Billion |
2018 | $71 Billion |
2019 | $62.3 Billion |
2020 | $54.7 Billion |
2021 | $97 Billion |
2022 | $67.3 Billion |
2023 | $64.4 Billion |
In 2004, the same year he created Facebook, Mark Zuckerberg became a millionaire.
Peter Thiel’s $500 thousand investment in Facebook valued the company at $5 million, placing Zuckerberg’s net worth into seven figures.
Series B Funding
By 2006, Facebook was already valued at $500 million after closing its series B funding round with $27.5 million in investment.
This put Zuckerberg’s net worth closer to $100 million, adding two zeros in just two years.
Forbes Billionaire Status
In 2008, at just 24 years old, Mark Zuckerberg hit the ‘Forbes World’s Billionaire List’, with an estimated net worth of $1.5 billion.
Zuckerberg had managed to go from having just a $1 million net worth in 2004, to a $1.5 billion net worth in 2008.
Public IPO
In 2012, Facebook went public via IPO, boasting a $38 share price.
This placed Forbes’ estimate of Zuckerberg’s net worth at $17.5 billion.
Real Estate
Mark Zuckerberg is well-known for his impressive real estate investments, particularly in the San Francisco Bay Area.
Zuckerberg began buying properties in the San Francisco area in 2011. His first purchase was a modest 5-bedroom home in Palo Alto, which he bought for $7 million. The property, located in the upscale Crescent Park neighborhood, features a spacious backyard and a swimming pool. It’s now the main home where the Zuckerberg family lives.
In 2013, Zuckerberg made headlines when he bought four properties surrounding his Palo Alto home for a total of $43 million. The purchases included two homes and two vacant lots, giving him 10 acres of prime real estate in one of the Bay Area’s most desirable neighborhoods.
Zuckerberg continued his buying spree in 2013 when he purchased a luxurious 5,500-square-foot townhouse for $10 million in the nearby city of San Francisco.
The property, located in the upscale Dolores Heights neighborhood, features stunning views of the city skyline and the Golden Gate Bridge. The home has a spacious outdoor terrace and a two-car garage.
Zuckerberg also owns several properties around the world. In 2013, he paid $30 million for a beachfront estate on the Hawaiian island of Kauai.
The property features a 3,000-square-foot main house, a guesthouse, and a pool. He also owns a $100 million mansion in Lake Tahoe, which he bought in 2018.
Salary
Being one of the wealthiest people in the world, Mark Zuckerberg has an impressively low salary! His salary as CEO of Facebook is just $1 per year.
Zuckerberg announced that he doesn’t take a salary from Facebook to align his interests with the company’s long-term success. Instead, most of his wealth comes from the ownership of Facebook stock, which has grown significantly since the company’s initial public offering in 2012.
In addition to his $1 salary, Zuckerberg receives other forms of compensation from Facebook, including bonuses and stock awards.
Philanthropy
Facebook Chairman and CEO Mark Zuckerberg has made headlines in recent years not only for his leadership of the social network but also for his commitment to philanthropy.
In 2015, Mark and his wife, Priscilla Chan, announced the creation of the Chan Zuckerberg Initiative, a charitable organization aimed at “advancing human potential and promoting equality.” The couple pledged to give away 99% of their Facebook shares on philanthropic causes, valued at the time at over $45 billion, throughout their lifetime.
Since then, they have donated billions of dollars to CZI, which focuses on education, healthcare, and scientific research.
In 2020 alone, CZI had committed $1.3 billion to support efforts in the fight against COVID-19, $280 million to support education initiatives, and $51 million to support efforts to advance racial justice.
While the exact amount that Zuckerberg has donated to Chan Zuckerberg Initiative is not publicly disclosed, it’s clear that he has devoted a significant amount of his fortune to philanthropy.
Highlights
Here are some of the highlights of Mark Zuckerberg’s career:
- Started computer programming (1995)
- Founded his first company (1999)
- Joins Harvard University (2002)
- Creates Facebook in his dorm room (2004)
- Drops out of Harvard (2004)
- Named the ‘World’s Youngest Billionaire’ (2007)
- Mark’s life is made into a movie (2010)
- Facebook reaches 500 million users (2010)
Summary
Mark Zuckerberg is one of the world’s most successful tech entrepreneurs and the founder of the social media giant Facebook, which he started in 2004 as a student at Harvard University.
Despite several controversies, Zuckerberg remains one of the most influential figures in the tech industry, and his net worth is likely to continue growing in the coming years.
What do you think of Mark Zuckerberg’s net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
---|---|
Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 25, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Career Overview
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to Brazil’s hyperinflation. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named president in 2000 and CEO in 2001. Ghosn turned Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously. While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017. Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto. However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
Arrest & Legal Issues
Ghosn’s arrest in Tokyo in November 2018 ignited a major corporate scandal. Japanese authorities charged him with concealing over $80 million in income and using Nissan funds for personal expenses. Shortly after, additional allegations surfaced, including breach of trust and misuse of company assets for personal gain.
In 2019, U.S. authorities added charges for his failure to disclose $140 million in expected compensation and retirement benefits, leading Ghosn to settle with a $1 million fine and a 10-year ban from serving as an officer or director of any U.S. public company.
Ghosn spent several months in solitary confinement in a Tokyo prison cell and was eventually granted bail at 1 billion yen (around $8.9 million), a record-breaking amount in Japan at the time. However, his bail was granted under strict conditions, such as that he would remain under house arrest, constant surveillance, and be limited to restricted contact with others. But in December 2019, Ghosn executed a dramatic escape from house arrest, hiding inside an audio equipment box on a private jet to Turkey, and then boarded another plane bound for Beirut, Lebanon, a country with no extradition agreement with Japan.
From Beirut, Ghosn claimed his arrest was a corporate scheme led by Nissan executives aiming to block his $30 billion plan for a full Nissan-Renault merger. He argues that Nissan’s leadership, worried about losing control to Renault, worked with Japanese officials to push him out.
Ghosn has since openly criticized Japan’s justice system, which has a 99% conviction rate, calling it “hostage justice” because of the pressure placed on defendants to confess under strict detention.
As of this year, Ghosn is still hiding out in Lebanon, facing international arrest warrants from Japan and France along with an Interpol Red Notice.
Estimated Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
---|---|
Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 25, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover. Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Career Overview
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion. Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006. Upon launch, the site included a home valuation tool, sales history, and value appreciation information. However, the site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015. All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States. However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to allow employees to work from home permanently. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
This didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has a $700 million stake in Zillow and plans to turn it into a home-flipping machine. He’s undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Summary
Rich Barton is an American entrepreneur and businessman best known for being the CEO of the Zillow Group.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
---|---|
Age: | 67 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Dec 25, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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Leke sonde
Aug 9, 2017 at 8:09 pm
Very soon , he will outrank Bill Gates.
His success is motivating to those who think they are too young to follow their passion.