Mark Zuckerberg was born on May 14, 1984 in White Plains, New York, and He was raised in nearby Dobbs Ferry. He was born into a well-educated family & developed an interest in computer programming at an early age.
Mark Zuckerberg, a name so universal among the teenagers, is the youngest billionaire on the globe. Among the masses, he is known to be the founder & CEO of the most popular site famous as Facebook.
On the age of 12, Zuckerberg produced a messaging program named Zucknet that he implemented as an inter-office communication system for his father’s dental practice. Due to his early signs of success, his parents got him a computer programming tutor while he was unmoving in high school, and they enrolled him in a prep school in New Hampshire. Later than graduating from prep school, Zuckerberg enrolled in Harvard University.
While many intelligent people attend Harvard University, Mark Zuckerberg became known quickly as the go-to computer programmer on campus. By his sophomore year, he had previously built two programs CourseMatch & FaceMash. Both programs became wildly popular, but the university close down the latter program after it was deemed to be incompatible.
Based on his approval on campus, Zuckerberg combined with friends to make a social networking site that allowed Harvard students to connect with each other. The site formally went live in June 2004 under the name “The Facebook,” and Zuckerberg run it out of his dorm room.
After his sophomore year, Zuckerberg dropped away of college to pursue what was next called Facebook full-time. The website has reached 1 million users by the end of 2004.
This explosion of user expansion attracted the attention of a lot of venture capital (VC) firms, and Zuckerberg ultimately moved out to Silicon Valley in 2005. Facebook received its first round of venture capital investments from VC firm Accel Partners, which invested $12.7 million in the site that was still just open to Ivy League students.
By the end of 2005, however, Facebook have opened up to students’ presence other schools, causing the website to reach 5.5 million users. Since 2005, Facebook has received several acquisition offers from the likes of Yahoo & Microsoft, has been through legal battles, and has to a great extent increased the its users. On July 25, 2018, Facebook released Q2 incomes. The business reported that every day active users averaged 1.47 billion for June 2018, an increase of 11% year-over-year. Monthly active users totalled 2.23 billion as of June 30, 2018, an enlarge of 11% year-over-year. As of July 30, 2018, the company has a marketplace cap of $483 billion. They Zuckerberg own 14.18 million Class A Facebook shares in a series of funds, as of July 25, 2018. He also owns 441.6 million Class B shares. With manage of over nearly 89% of Class B shares, Zuckerberg holds 60% of voting rights in the company.
Net Worth & Current Influence: According to Forbes, Mark Zuckerberg has a net worth of $63.5 billion since of July 30, 2018.
When it comes to influence, Zuckerberg has signed the Giving Pledge, which way he will donate at least 50% of his net worth to philanthropic cause previous to he dies. In 2010, for example, he donated more than $100 million to save the Newark school system in New Jersey.
When his daughter Max was born, Zuckerberg & his wife Priscilla Chan authored an open letter in which the responsibility to give away 99% of their net worth during lifetime. However, a lot of have criticize the process by which Zuckerberg is donating his fortune. The charitable foundation Zuckerberg and Chan have set up is a limited-liability business, not a charitable trust. This choice allows the two to do things that charitable trusts are not allowed to do, which in turn might make the foundation more efficient, though it might also advantage their family more than a traditional trust. Corporations can make for-profit investments & political donations. Different charitable trusts, corporations are not necessary to report their supporting donations.
In April 2018, Zuckerberg testified earlier than Congress after it was made known that the company had shared users’ data with the political consulting firm Cambridge Analytical. Forbes has credited the quick drop of Face book’s stock price following the company’s July caution to investor of slowing increase and profit margins to the growing impact of the battle between profit & privacy, citing the Cambridge Analytics story and Face book’s growing inability to protect users from harmful misuse and misinformation.