Facebook founder Mark Zuckerberg’s fortune tops US$100 billion for first time
- 36-year-old social media boss becomes world’s third centibillionaire, joining Jeff Bezos and Bill Gates
- Tech founders have accumulated staggering amounts of wealth as coronavirus pandemic drives more people online
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels.
The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index. Zuckerberg’s net worth is largely derived from his 13 per cent stake in Facebook.
The founders of America’s largest technology companies have enjoyed a mind-boggling accumulation of wealth this year as the coronavirus pandemic drives more people online, despite the US economy contracting at its fastest pace on record.
Zuckerberg has gained about US$22 billion this year. Bezos is up more than US$75 billion.
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