As the market is optimistic about the Reels launched by Facebook to counter TikTok, which pushed Facebook’s share price to a record high , the company’s founder Mark Zuckerberg’s net worth exceeded $100 billion.
The 36-year-old Zuckerberg thus became the third rich man with assets of more than 100 billion U.S. dollars after Jeff Bezos (Jeff Bezos) and Bill Gates (Bill Gates). Zuckerberg’s net assets mainly come from his 13% of Facebook shares.
Although the new crown epidemic has caused an unprecedented shrinking of the US economy, the increase in online activities due to the epidemic has helped the founders of major US technology giants to accumulate huge amounts of wealth. Zuckerberg’s net assets increased by about 22 billion US dollars this year, and Bezos increased by about 75 billion US dollars.
Such a huge contrast has also caused American technology giants to face closer attention from management. Zuckerberg, Bezos, Apple CEO Tim Cook and Alphabet CEO Sundar Pichai have all Attended a hearing in the US Congress last month.
The current market value of the five largest technology companies in the United States (Apple, Amazon, Alphabet, Facebook, and Microsoft) is about 30% of the US GDP, almost double that at the end of 2018.
U.S. Senator Bernie Sanders also plans to introduce a piece of legislation that would tax “dirty wealth gains” during the COVID-19 pandemic. According to the current proposal, these billionaires’ new huge net assets between March 18 and the end of the year will be taxed 60% to compensate all Americans for their out-of-pocket medical expenses.
Zuckerberg founded Facebook in his Harvard dormitory in 2004. He plans to donate 99% of Facebook shares during his lifetime.
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