Mark Zuckerberg or Facebook co-founder Matthew Zuckerberg’s net worth has surpassed $ 100 billion for the first time since the release of the Reels video platform that will compete with TikTok. According to the Bloomberg Billionaires Index, the 36-year-old social media mogul is the world’s first 100 billionaire, after Amazon co-founder Jeff Bezos and Microsoft co-founder Bill Gates.
Mark Zuckerberg, who owns a 13% stake in Facebook, made about $ 22 billion this year. The world’s richest man, Jeff Bezos, made more than $ 75 billion by 2020. Facebook shares rose more than 6% after the introduction of Instagram Reels in the US to compete with TikTok.
CEO Mark Zuckerberg
The four largest US tech giants, including Facebook, were arraigned in Congress late last month on charges of market monopoly. The hearing in front of Congress was attended by Facebook CEO Mark Zuckerberg; Apple CEO Tim Cook Amazon co-founder Jeff Bezos and Google and Alphabet chief executive Sunda Pichai attended.
Apple, the five largest technology companies in the United States; Amazon Alphabet Facebook and Microsoft currently account for about 30% of the US GDP, and almost doubled by the end of 2018. US Congressman Bernie Sanders is planning to levy a 60% tax on billionaires’ growing net worth of billionaires between March 18 and January 1. 2021, under the Make Billionaires Pay Act, as part of the Coronavirus-era health expenses.
The Act will tax an additional $ 731 billion of 467 billionaires. As of Aug. 5. Amazon CEO Jeff Bezos had $ 42.8 billion in tax revenue, and Tesla and SpaceX CEO Elon Musk had $ 27.5 billion in taxes. Facebook co-founder Matthew Zuckerberg will pay $ 22.8 billion. Zuckerberg, who founded the world’s largest social networking company in 2004 while attending Harvard University. He plans to give up 99% of his Facebook stake in his lifetime.