Friday, August 07, 2020

'Centibillionaire Club'

Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) 

When Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok, Facebook shares rose by more than 6%.

Zuckerberg’s personal wealth has gained about $22bn this year

He joins Amazon founder Jeff Bezos and Microsoft’s Bill Gates in the exclusive so-called 'Centibillionaire Club'.

The five largest US tech companies, Apple, Amazon, Alphabet, Facebook, and Microsoft, currently have market valuations equivalent to about 30% of US gross domestic product (GDP).

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