The Facebook CEO’s net worth briefly topped $100 billion on Friday, making him the world’s youngest centibillionaire. He ended the week worth $98.6 billion.
acebook cofounder and CEO Mark Zuckerberg, 36, briefly became the youngest centibillionaire in the world on Friday. His net worth crossed the $100 billion threshold two days after Instagram launched Reels, a feature almost identical to TikTok’s scrolling video platform, sending Facebook’s stock soaring 12% on Thursday and Friday.
Facebook shares came back to earth a bit Friday afternoon, but still ended the week 8% higher than the prior Friday, far outpacing the S&P 500 and the Dow Jones Industrial Average . , who owns about 15% of the company, added $5.3 billion to his net worth between July 31 and August 7—making him the week’s biggest gainerReels could not have come at a better time for Facebook. TikTok, the Gen Z-beloved app that is owned by Chinese tech company ByteDance, has become a target of President
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