Mark Zuckerberg’s enormous net worth makes him one of the world’s youngest billionaires. Co-founding Facebook out of his college dorm while attending Harvard University, Zuckerberg left Harvard after his sophomore year to focus on the site. Since its inception then, the site has grown into the largest social networking platform in the world.
When you’re the head of the world’s largest social site, not much about your life is left out of the spotlight, but here are five quick facts about Zuckerberg that you probably didn’t know.
1. He Has a Net Worth of $47.1 Billion
According to Forbes, Mark Zuckerberg has a net worth of $47.1 billion and is the world’s 16th richest person in the world.
(Source: “The Richest Person in America’s 50 Largest Cities,” Forbes, last accessed February 29, 2016.)
He is the co-founder, chairman, and CEO of Facebook Inc (NASDAQ:FB). As mentioned, Zuckerberg created Facebook with his roommates while attending Harvard University. In 2015, Facebook’s revenue reached $17.93 billion and it attracts more than one billion users a day. (Source: “Facebook Reports Fourth Quarter and Full Year 2015 Results,” Facebook Investor Relations, January 27, 2016.)
2. His First Version of Facebook Was Dubbed Facemash
“Facemash” was the predecessor to Facebook and was invented by Zuckerberg, along with three of his classmates: Andrew McCollum, Christ Hughes, and Dustin Moskovitz. Zuckerberg wrote the code for the Facemash web site, which was set up as a “hot or not” game for Harvard students. The web site allowed Harvard students to compare two student pictures side by side and choose who the “hotter” person was. (Source: “Hot or Not? Website Briefly Judges Looks,” The Harvard Crimson, November 4, 2003.)
Zuckerberg obtained the photos of students for Facemash by hacking the web site Harvard maintained to help identify students. The site was forwarded to several campus group list servers, but Harvard officials shut it down a few days later.
Zuckerberg faced several charges, including violating copyrights, breach of security, and violating individual privacy, as well as the possibility of expulsion. All charges were eventually dropped. (Source: “Who Invented Facebook?” About.com, December 19, 2014.)
3. He Says He’s Not That Interested in Money
In several interviews, Zuckerberg has tried to express that his main goal with Facebook is not to make money—connecting people around the world is his target.
“Facebook was not originally created to be a company,” Zuckerberg wrote in the company’s S-1 filing, before Facebook went public. “It was built to accomplish a social mission—to make the world more open and connected. (Source: “Facebook IPO: The pressure of being Mark Zuckerberg,” The Washington Post, May 18, 2012.)
He added, “Simply put: we don’t build services to make money; we make money to build better services.” (Source: Ibid.)
4. He Says He’s Giving Away 99% of His Facebook Shares
In a letter posted on Facebook on December 1, 2015, Zuckerberg announced the birth of his daughter, Max, and in an open letter to Max, he pledged that he’s going to donate 99% of his Facebook shares, which were valued at $45.0 billion at the time. (Source: “Mark Zuckerberg is Giving Away His Money, but With a Twist,” Fortune, December 2, 2015.)
He plans to donate the shares to the Chan Zuckerberg Initiative, the charitable foundation he set up with his wife, Priscilla Chan, with a focus to “advance human potential and promote equality in areas such as health, education, scientific research and energy.” (Source: Ibid.)
He plans to donate the shares over the course of his lifetime.
5. He Bought Oculus VR for $2.0 Billion
In 2014, Zuckerberg bought virtual reality startup Oculus VR for about $2.0 billion. (Source: “Inside Mark Zuckerberg’s Bold Plan For The Future Of Facebook,” Fast Company, November 16, 2016.) The company’s virtual reality headset, “Oculus Rift,” is planned for release later this year and will focus on gaming to begin.
But Zuckerberg has big plans for Oculus. He envisions a not-too-distant future in which virtual reality will be the next computing platform and that we’ll be doing 40% of our social interactions using it. (Source: Ibid.) It looks like Zuckerberg will take Facebook virtual.
Mark Zuckerberg’s Net Worth by Year