Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#5 Mark Zuckerberg $70.0B

Random fact: Rejected AOL and Microsoft offers before graduating high school.

Overview

Zuckerberg is co-founder and chief executive officer of Facebook, the world's largest social-networking company. The site has about 2 billion monthly users and had revenue of $28 billion in 2016. The Menlo Park, California-based company's initial public offering in 2012 was the biggest-ever technology IPO at the time.

As of July 21, 2017:
Last change -$41.1M (-0.1%)
YTD change +$20.0B (+40.1%)
Industry Technology
Biggest asset FB US Equity
Citizenship United States
Age 33
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Mark Zuckerberg's net worth of $70.0B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Zuckerberg's fortune is derived from his 14 percent stake in Facebook, according to the company's April 14, 2017 proxy statement minus the sale of 2 million shares that have been disclosed in subsequent Form 4 filings as of July 14, 2017. The world's largest social network sold shares in an initial public offering on May 17, 2012. It was the biggest technology IPO in history at the time. He owns the shares through a series of trusts, according to the company's 2017 proxy statement. 

Zuckerberg plans to give away 99 percent of his Facebook shares over his lifetime, according to a December 2015 SEC filing. He started selling shares in August 2016 to fund this philanthropy and in Bloomberg's calculation he isn't credited with the value of any sales proceeds that fund charitable work. He's still credited with those shares he plans to give away because he still owns them.

He also owns several houses in Palo Alto, a townhouse in San Francisco and 700 acres of land in Hawaii. The properties and land are valued at about $175 million, according to local tax assessor records.

The value of his cash investments is based on an analysis of taxes, insider transactions, philanthropic giving and market performance.

Biography

Birthdate: 5/14/1984
Family: Married, 1 child

Born in White Plains, New York, Zuckerberg built his reputation as a computer programming prodigy at the elite boarding school Phillips Exeter Academy. After graduating from Exeter with a major in classics, he enrolled at Harvard University, where he started Facebook from his dorm room with three friends. The site quickly began migrating to other universities, prompting Zuckerberg to drop out of Harvard and move to Silicon Valley.

He received $500,000 in funding from Peter Thiel in the fall of 2004. Investments from other venture firms quickly followed. Facebook's membership was approaching 1 million users by December 2004. With Facebook's rise came a number of legal issues, first with co-founder Eduardo Saverin -- who was cut from the company in the summer of 2004 -- and with Divya Narendra and the twins Tyler and Cameron Winklevoss, who sued Zuckerberg for allegedly stealing the idea behind Facebook.

In November 2011, Facebook reached a 20-year agreement with the Federal Trade Commission to settle complaints that it had violated user privacy. The company sold shares in an initial public offering on the New York Stock Exchange on May 17, 2012. It was then the biggest technology IPO in history.

Zuckerberg has pledged to donate the majority of his fortune to charity. In September 2010, he donated $100 million of Facebook shares to the Newark, New Jersey, public school system. He has also donated 36 million shares to the Silicon Valley Community Foundation. Zuckerberg is married to Priscilla Chan, who gave birth to a baby girl named Max on Dec. 1, 2015. The same day, Zuckerberg announced plans to give away 99 percent of his stock in the social network during his lifetime to advance philanthropic causes.

Milestones
  • 1984 Mark Elliot Zuckerberg is born in White Plains, New York.
  • 2004 Creates thefacebook.com in Harvard dorm room with three friends.
  • 2004 Raises $500,000 angel investment from venture capitalist Peter Thiel.
  • 2005 Company officially changes its name to Facebook.
  • 2005 Rejects $1 billion offer to sell Facebook to Yahoo.
  • 2012 Facebook acquires digital photo company Instagram for $1 billion.
  • 2012 Facebook sells shares in what was then the biggest technology IPO in history.
  • 2012 The social network crosses the 1 billion members mark.