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Mark
Zuckerberg
Cofounder,
Meta Platforms
$173.1B
Mark Zuckerberg
is the co-founder and chief executive of Meta Platforms, the parent company of
Facebook, the largest social network in the world. Headquartered in Menlo Park,
California, Meta Platforms reported a revenue of $134.9 billion in 2023,
boasting approximately 4 billion monthly users. The company made history with
its initial public offering (IPO) in 2012, which at the time was the
largest-ever technology IPO.
At the age of
19, Zuckerberg launched Facebook in 2004 as a platform for students to connect
by matching names with photos of classmates.
Zuckerberg led
Facebook's transition to becoming Meta in 2021, marking a shift towards
focusing on the metaverse.
As of March
2024, Zuckerberg holds around 13% of Meta's stock, deriving the majority of his
fortune from this stake.
Zuckerberg,
along with his wife Priscilla Chan, pledged in 2015 to donate 99% of their Meta
stake over their lifetimes.
In 2019,
Zuckerberg made headlines with his $59 million purchase of waterfront property
on Lake Tahoe in California.
Zuckerberg's
wealth is primarily tied to his ownership of approximately 13% of Meta
Platforms, formerly known as Facebook, according to a filing from March 2024.
Meta Platforms boasts around 4 billion active users per month, with Facebook
alone accounting for about 3 billion users, as per a company presentation in
February 2024. Despite his plans to donate the majority of his shares,
Zuckerberg still holds them through various trusts and holding companies, as
disclosed in a proxy statement. The valuation of his cash investments considers
insider transactions, property acquisitions, philanthropic activities, and
market performance, alongside the sale of Facebook shares used for charitable
purposes, which Bloomberg's calculation does not include in his credited
shares.
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