MARK ZUCKERBERG NET WORTH,MONEY AND MORE

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MARK ZUCKERBERG NET WORTH,MONEY AND MORE

NET WORTH- $ 28.5 Billion($ 1 per year)

PROFESSION-Entreperneur, Programmer, Businessperson & Philanthropist.

 

Mark Zuckerberg is a ‘prodigy’, an American computer programmer and internet entrepreneur. Mark co-founded the social networking website out of his college dorm room with his four co founders Eduardo Saverin,Andrew McCollum,Duustin Moskovitz and Chris Hughes.  Zuckerberg is the chairman and chief executive of Facebook, Inc. His one-dollar salary puts him in the elite group of $1 CEOs such as Larry Ellison, founder of Oracle and Steve Jobs, founder of Apple Inc. In 2012, he was appreciated as the world’s second youngest self made billionaire.He was being awarded as the Time  Person Of The Year in 2010.In May 2013 he was listed as the youngest CEO.

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CHILDHOOD

Mark Elliot Zuckerberg was born in May 14,1984 in White Plains,New York,U.S.  He is the son of dentist Edwinard Zuckerberg and psychiatrist Karen Kempner. He was brought up in  Dobbs Ferry,New York. He studied in Ardsley High School where he excelled in classics. Zuckerberg later studied at Phillips Exeter Academy, a preparatory school in New Hampshire where he won prizes in science (math, astronomy and physics) and classical studies. He was a fencing star and captain of the fencing team.

 

Zuckerberg developed an interest in computers at an early age when he was about 12, he used Atari BASIC to create a messaging program he named “Zucknet”. Together with his friends, he also created computer games just for fun. “I had a bunch of friends who were artists,” he said. “They’d come over, draw stuff, and I’d build a game out of it”. His father  taught him Atari BASIC Programming and later hired software developer David Newman to tutor him privately. Newman calls him a “prodigy”, adding that it was “tough to stay ahead of him”. Zuckerberg took a graduate course in the subject at Mercy College near his home while he was still in high school. During Zuckerberg’s high school years, he built a music player called the Synapse Media Player that used machine learning to learn the user’s listening habits.

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JOURNEY IN HARVARD

 

After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. He studied psychology and computer science.By his sophomore year he gained popularity as software developer in campus.In his sophomore year  he built a program called CourseMatch, which helped students choose their classes based on the course selections of other users so as to help them with group studies. He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote who was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.

 

On February 4, 2004, Zuckerberg launched “Thefacebook”, originally located at thefacebook.com. Six days after the site launched, three Harvard seniors Cameron Winklevoss, Tyler Winklevoss and Divya Narendra  accused Zuckerberg of  misleading them into believing that he would help them build a social network called HarvardConnection.com which could be more like a dating website for Harvard students instead he stole their idea to create “Thefacebook”.

 

Zuckerberg dropped out the college in his sophomore i.e. second year to complete his project  “thefacebook”.

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CHRONOLOGY OF FACEBOOK

 

In 2004, Mark Zuckerberg officially launched Facebook, a social network designed primarily for students of Harvard.After sometime he expanded its network to Yale,Dartmouth,Columbia,Stanford,Cornell,UPenn,MIT,BU and NYU.

In 2006 Face book was made public.

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In 2007, Microsoft spent $ 280 million to hold 1.7 % of the fastest growing social network. The Chinese billionaire spent $ 120 million to hold approximately 0.8% of Facebook. On May 24, 2007, Zuckerberg announced Facebook Platform, a development platform for programmers to create social applications within Facebook.

In 2008, Zuckerberg announced Facebook Connect, a version of Facebook Platform for users.

In 2009, Face book had the turn overt of $ 500 million.

In 2010, Facebook counted 500 million members.

In 2011, According to The Guardian Mark Zuckerberg leaded the way of the most powerful figure according to Media ahead Rupert Murdoch, Larry Page(Founder of Oracle) and Steve Jobs(founder of Apple Inc.)

In 2012, Facebook had roughly 9 million users in Russia, while domestic clone VK had around 34 million.So in October,2012 Mark visited Russian Prime Minister to boost Face book’s position in Russia.

In February 2014 facebook bought Whatsapp at a whopping price of $ 19 billion.

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LEGAL LAWSUITS

HARVARDCONNECTION LAWSUIT-

Divya Narendra,Tyler Winklevossand Cameron Winklevoss filed the lawsuit against Zuckerberg for stealing their idea of HarvardConnection.com. The agreed settlement was for 1.2 million Facebook shares which were worth $300m at Facebook’s IPO and  $ 20 million in cash.

 

SAVERIN LAWSUIT-

A lawsuit filed by Eduardo Saverin  against Facebook and Zuckerberg was settled out of court. Though terms of the settlement were sealed, the company affirmed Saverin’s title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.

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MARRIAGE

 

Mark starting dating Chinese-Vietnamese Dr. Priscilla Chan in 2003.

On May 19,2012 Mark exchanged the vows with Priscilla in the celebration of her graduation from medical school of University of California,San Francisco.

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ASSETS

VILLA-

Zuckerberg lives in a house of five bedroom with his wife in Palo Alto which he bought in 2011 for an amount of $ 7  million.

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JET-

Mark owns a private jet worth $ 700,000.

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CAR-

Mark drives an Accura TSX which is priced at around $ 30,000.

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ONSCREEN AND BOOK DEPICTION

 

In 2009,a book The Accidental Billionaires by Ben Mezrich was released which depicts his early life in Harvard University, journey of facebook from the dorm room to the head quarters in Palo alto, California and the two legal lawsuits one by Divya Narendra,Cameron Winklevoss and Tyler Winklevoss for stealing their idea of Harvardconnection(later ConnectU) and the other by Eduardo Saverin which was settled out of court, the company affirmed Saverin’s title as co-founder of Facebook.

 

 

On October 1,2010 a movie THE SOCIAL NETWORK on Mark Zuckerberg and the founding years of Facebook was released. The movie was based on the novel  The Accidental Billionaire. Zuckerberg was played by Jesse Eisenberg,his friend and Face book co-founder Eduardo Saverin by Andrew Garfield and The Napster founder Sean Parker by Justin Timberlake.At the 83rd Academy Awards, it received eight nominations and won three for Best Adapted Screenplay, Best Original Score, and Best Film Editing. At the 68th Golden Globe Awards, the film won Best Motion Picture – Drama, Best Director, Best Screenplay, and Best Original Score.

 

PHILANTHROPY

 

On September 22, 2010, Zuckerberg  donated $100 million to Newark Public Schools, the public school system of Newark, New Jersey,U.S. He also donated  an undisclosed amount to Diaspora, an open-source personal web server that implements a distributed social networking service.

 

On December 9, 2010, Zuckerberg signed a promise  called the “Giving Pledge” along with Bill Gates and Warren Buffett, in which they promised to donate to charity at least half of their wealth over the course of time. On December 19, 2013, Zuckerberg announced a donation of 18 million Facebook shares to the Silicon Valley Community Foundation at the end of the year. On February,2014 The Chronicle of Philanthropy reported  that Zuckerberg’s donation was the largest charitable gift on the public record in 2013.  Zuckerberg and his wife  topped the annual list of the magazine 50 most generous Americans in 2013.

 

ACCOLADES

 

Since 2010, TIME magazine has named Zuckerberg among the 100 wealthiest and most influential people in the world as a part of its Person of the Year award too. In 2011, Zuckerberg ranked first on the list of the “Most Influential Jews in the World” by The Jerusalem Post  and has since consistently topped the list every year as of 2013.

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