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Mark Zuckerberg: The World’s Youngest Billionaire

May 15, 2008

 

This is the picture of a guy worth $1.5 billion. Yes! You read it right Mark Zuckerberg is the world’s youngest billionaire his net worth is approximately 1.5 BILLION dollar, to imagine how much that money is let elaborate it with zeroes 1,500,000,000.00.  You get it now? 

The 23 year-old Mark Zuckerberg is now proclaimed by the Forbes.com as the world’s youngest billionaire.  He is the billionaire #785.  Unlike other young billionaire under the age of 30 who just simply inherited their fortune from their family heirloom, Mark Zuckerberg is a self-made billionaire.  Mark Zuckerberg made his fortune by creating the social-networking site called Facebook.  Zuckerberg, 20 at that time, launched Facebook from his Harvard dorm room on February 2004.  It quickly became a success at Harvard and more than two-thirds of the school’s students signed up in the first two weeks.  In the spring of 2005 he drop-out from Harvard to start his own company in Palo Alto (Silicon Valley). Then after three years what started as a networking site for college students has become a social network tool for 19 million registered users, including employees of government agencies and Fortune 500 companies. More than half (9.5 million) of its registered user visit every day.  It is now considered as the sixth most-trafficked site in the United States–1% of all Internet time is spent on Facebook and it is starting to compete with Google and other tech giants in Silicon Valley. It is said Facebook is on the track to bring in $100 million in revenue this year–serious money indeed. 

The documents projected that Facebook would generate $969 million in revenue, with 48 million users, by 2010. The New York Times and others reported that Yahoo had made a $1 billion offer to buy Facebook but Zuckerberg and his partners had turned it down. This followed an earlier rumor of a $750 million offer from Viacom.

I got one question for Mark.  Will you marry me? Joke! Hehehehe…. 


Posted by byterslair at 3:56 pm | permalink

Previous Comments

Technology can make people rich, much as it can deprive others, or divide others from the rest.

Posted by [spliceanddice] at May 25, 2008, 7:40 am

@spliceanddice -anything can make people rich, it’s just a matter of creativity and innovation. For me, being deprive a choice, if you feel being deprive then you have to do something to change that circumstances. You should not wait for somebody to do that for you.

Posted by byterslair at May 25, 2008, 12:18 pm