Forbes released their annual 400 richest Americans list. Mark Zuckerberg is on it at number 158 with a net worth of $2 billion. This is one fifth of Facebook’s $10 billion valuation.
Zuckerberg, age 25, is the youngest member of the Forbes 400 list. He started Facebook in his Harvard dorm in 2004. Facebook is now the third largest site on the internet.
Earlier this month, Facebook announced that they now have 300 million users and cash flow positive for the first time last quarter.
Mark is the force behind Facebook. He is the founder and CEO of Facebook who has achieved masses of great success at an early age. Mark started Facebook back in 2004 with his college roommates Chris Hughes and Dustin Moskovitz.
Currently Mark holds the responsibilities of defining the product strategy for Facebook and also technically involved in designing Facebook services and development and enhancement of Facebook infrastructure. Synapse, a music recommendation system, and Wirehog, a peer-to-peer client (such as Limewire, uTorrent) were also Mark’s project that he abandoned for the success of Facebook.
Mark is a graduate from Harvard University (Computer Science). In his student life, Mark has always been a creative student wanting to do new experiments. Facemash is one of the creation of Mark which he developed while in the university. It was a website which compared students’ dorm photos with similar features of HOT or NOT. Unimpressed Harvard University administration then took disciplinary actions against Mark for the website he created. With the determination, he worked towards his next big thing and launched Facebook within three months of Facemash incident.
Started as an ordinary website in 2004, Facebook evolved in to different stages such as a website with news feeds, dynamic applications, and eventually a platform for development. That’s why you now see a lot of third party developers developing applications for Facebook.
According to Forbes, Mark Zuckerberg is ranked as the 321st richest person in the Unites States, with a net worth of $ 1.5 billion.
