It is the first time that Facebook Inc. hit its record high in optimism over the release of its TikTok competitor Reels was Thursday’s net worth $100 billion. The 36-year-old is the only person in the world to hold centibillionaire status, according to the Bloomberg Billionaires List, and he joins fellow technicians, Jeff Bezos and Bill Gates. The fortune of Mark Zuckerberg is primarily attributed to the 13 per cent of his Facebook share.
This year, the founders of America’s largest technology companies have enjoyed an overwhelming accumulation of wealth, as the coronavirus pandemic is driving more people online, despite the rapid decline in the US economy. Mark Zuckerberg has gained some 22 billion dollars this year and Bezos has risen by over 75 billion dollars.
The impressive numbers put Big Tech, including Apple Inc., Zuckerberg, Bezos, under increased scrutiny. CEO Tim Cook and Alphabet Inc. Sundar Pichai, Chief Executive Officer last month, testified before Congress to defend their power and influence over Congress. Today, Apple, Amazon.com Inc., Alphabet, Facebook and Microsoft Corp. – the top five American tech firms – have classified figures equal to about 30 per cent of US gross domestic product, about two times as high as at the end of 2018.
Mark Zuckerberg on Coronavirus Crisis
The United States the United States Senator Bernie Sanders, meanwhile, is preparing to implement legislation in the coronavirus crisis to regulate what he calls “occasional income gains.”
The ‘Make Billionaires Pay Act’ taxes 60% of the increase in net ultra-rich people. It is from March 18th until the end of the year. Also, uses the revenue to cover all Americans’ spending on health care.
Zuckerberg, who created his Harvard University dormitory social media giant in 2004. It said that he plans to invest 99 per cent of his Facebook shares over his lifetime.
So, Tech giants are among the top winners this year, even in the outside world. Thus, Tencent Holdings Ltd. Tencent Holdings. So, CEO Pony Ma raised $17 billion to over €55 billion. Thus, this is while Colin Huang ‘s wealth has grown from $13 billion to $32 billion. Also, CEO Pony Ma ‘s wealth is over $55 billion. Mukesh Ambani of India has been richer in 22 billion dollars. This is as his digital unit Reliance Industries Ltd. invest by Facebook and Silver Lake enterprises. It’s worth 80.3 billion dollars now.