Facebook CEO Mark Zuckerberg's net worth just ballooned above $100 billion for the first time ever
- Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion mark.
- Zuckerberg, Amazon CEO Jeff Bezos, and Microsoft cofounder Bill Gates are now the only three people in the world to be worth at least $100 billion, per Bloomberg.
- The executive's ballooned fortune comes as Facebook unveils its Instagram Reels, a TikTok-like feature in the app, and as Facebook has experienced a booming stock price during the pandemic.
Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion for the first time as the social media firm has enjoyed a soaring stock price during the COVID-19 pandemic.
Per a Bloomberg report, the ballooned fortune lands Zuckerberg with the likes of Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates, both of whom crested the $100 billion mark already. The three are reportedly the only people in the world worth at least $100 billion.
Zuckerberg, who has a 13% stake in Facebook, and other executives of online companies have enjoyed a surge in sales during the COVID-19 pandemic as people are ushered into their homes and more so onto their devices.
News of Zuckerberg's expanded fortune comes soon after Facebook released Instagram Reels, a feature largely perceived as a TikTok competitor. Facebook is also still in the limelight following the Big Tech and Congress showdown on July 29 in which Zuckerberg and the CEOs of Amazon, Apple, and Google were grilled by lawmakers over antitrust concerns.
Zuckerberg has claimed in the past that he intends to give 99% of his Facebook shares away during his lifetime.