Mark Zuckerberg is the founder and CEO of Facebook, which he started in his college dorm room in 2004 with roomates Dustin Moskovitz and Chris Hughes.
Zuckerberg is responsible for setting the overall direction and product strategy for Facebook. He leads the design of Facebook’s service and development of its core technology and infrastructure.
Earlier in life, Zuckerberg developed a music recommendation system called Synapse and a peer-to-peer client called Wirehog. However, he abandoned both to pursue new projects.
Zuckerberg attended Harvard University and studied computer science before founding Facebook.
While at Harvard, Zuckerberg created Facemash, a website that compared students’ dorm photos side-by-side in a fashion similar to HOT or NOT. Harvard administration was not amused, and Zuckerberg faced subsequent disciplinary action. Less than three months later, he launched Facebook.
Zuckerberg won the 2007 Crunchie Award for ‘Best Startup CEO.’
AT the age of 23 years, the inventor of the social networking site Facebook, Mark Zuckerberg is the youngest billionaire in the history of producing wealth with his own efforts. As announced by Forbes magazine, is on the order Zurkerberg in the list of 785 people - the world's richest people. Matthew Miller, Forbes Associate Editor says, "He is the youngest billionaires in the world, and he produces with his own wealth." Zurkerberg Mark has a net worth of $ 1.5 billion is approximately equal to the property owned by Oprah Winfrey.
One question arises of how to calculate the wealth. Some people argue that he has a wealth of more than $ 1.5 billion since he invested $ 240 million dollars when Microsoft bought 1.6% stake in Facebook in 2007. With the Microsoft investment, Facebook market capitalization of approximately $ 15 billion. Mark has a 30% stake in the company, which made should have no less than $ 5 billion in value.
Facebook valuation is reflected by its annual sales to reach $ 150 million. The bulk of these sales thanks to contributions from ad revenue deal by Microsoft.
Mark Zuckerberg started Facebook in February 2004 from the room at Harvard. Having quit school and moved to Silicon Valley, founder of Facebook is starting to establish his pace in the business social networking site. Zurkerberg is currently the world's richest billionaire in the history of producing wealth itself completely from the business.
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