Tom Anderson Net Worth Eduardo Saverin and Mark Zuckerberg Friends Again

Marker Zuckerberg is co-founder and CEO of the social-networking website Facebook, also every bit 1 of the world's youngest billionaires.

Who Is Marking Zuckerberg?

Marker Zuckerberg co-founded the social-networking website Facebook out of his college dorm room at Harvard University. Zuckerberg left college after his sophomore year to concentrate on the site, the user base of operations of which has grown to more than 2 billion people, making Zuckerberg a billionaire many times over. The nascence of Facebook was portrayed in the 2010 movie The Social Network.

Early Life

Zuckerberg was built-in on May xiv, 1984, in White Plains, New York, into a comfortable, well-educated family unit. He was raised in the nearby village of Dobbs Ferry.

Zuckerberg's father, Edward Zuckerberg, ran a dental practice attached to the family's abode. His mother, Karen, worked every bit a psychiatrist before the birth of the couple'due south four children — Marker, Randi, Donna and Arielle.

Zuckerberg developed an interest in computers at an early age; when he was almost 12, he used Atari Bones to create a messaging plan he named "Zucknet." His begetter used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the business firm.

Together with his friends, he too created computer games just for fun. "I had a agglomeration of friends who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it."

Marking Zuckerberg's Education

To keep up with Zuckerberg's burgeoning interest in computers, his parents hired individual calculator tutor David Newman to come up to the house once a week and work with Zuckerberg. Newman after told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at nearby Mercy College effectually this same time.

Zuckerberg later studied at Phillips Exeter Academy, an exclusive preparatory school in New Hampshire. There he showed talent in fencing, becoming the captain of the school'due south squad. He also excelled in literature, earning a diploma in classics.

Yet Zuckerberg remained fascinated by computers and continued to piece of work on developing new programs. While even so in high school, he created an early version of the music software Pandora, which he called Synapse.

Several companies—including AOL and Microsoft—expressed an interest in ownership the software, and hiring the teenager earlier graduation. He declined the offers.

Marking Zuckerberg'southward Higher Experience

After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. After his sophomore year, Zuckerberg dropped out of college to devote himself to his new company, Facebook, full time.

By his sophomore year at the Ivy League institution, he had developed a reputation as the go-to software developer on campus. It was at that fourth dimension that he congenital a program called CourseMatch, which helped students choose their classes based on the course selections of other users.

He besides invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, only was after shut downwardly past the school assistants after it was deemed inappropriate.

Based on the buzz of his previous projects, three of his beau students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an thought for a social networking site they called Harvard Connexion. This site was designed to use data from Harvard'south student networks in order to create a dating site for the Harvard elite.

Zuckerberg agreed to aid with the project, but soon dropped out to piece of work on his own social networking site, The Facebook.

Marking Zuckerberg and Founding Facebook

Zuckerberg and his friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin created The Facebook, a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site out of a dorm room at Harvard University until June 2004.

That year Zuckerberg dropped out of college and moved the company to Palo Alto, California. Past the end of 2004, Facebook had ane million users.

In 2005, Zuckerberg'due south enterprise received a huge boost from the venture capital house Accel Partners. Accel invested $12.7 million into the network, which at the time was open simply to Ivy League students.

Zuckerberg'due south company and then granted access to other colleges, high schoolhouse and international schools, pushing the site's membership to more 5.5 million users by December 2005. The site began alluring the interest of other companies that wanted to advertise with the popular social hub.

Not wanting to sell out, Zuckerberg turned down offers from companies such every bit Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.

'Harvard Connection' and Legal Hurdles

Zuckerberg seemed to be going nowhere only upwards. Nevertheless, in 2006, the business organization mogul faced his kickoff large hurdle: the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses.

Zuckerberg maintained that the ideas were based on two very different types of social networks. After lawyers searched Zuckerberg'south records, incriminating instant messages revealed that Zuckerberg may have intentionally stolen the intellectual holding of Harvard Connexion and offered Facebook users' private information to his friends.

Zuckerberg later apologized for the incriminating messages, proverb he regretted them. "If you're going to keep to build a service that is influential and that a lot of people rely on, then you demand to be mature, right?" he said in an interview with The New Yorker. "I think I've grown and learned a lot."

Although an initial settlement of $65 one thousand thousand was reached between the two parties, the legal dispute over the matter continued well into 2011, later Narendra and the Winklevosses claimed they were misled in regards to the value of their stock.

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In 2010, screenwriter Aaron Sorkin's movie The Social Network was released. The critically acclaimed film received viii Academy Honour nominations.

Sorkin'southward screenplay was based on the 2009 volume The Accidental Billionaires, by author Ben Mezrich. Mezrich was heavily criticized for his re-telling of Zuckerberg'south story, which used invented scenes, re-imagined dialogue and fictional characters.

Zuckerberg objected strongly to the motion-picture show'due south narrative, and afterwards told a reporter at The New Yorker that many of the details in the moving picture were inaccurate. For example, Zuckerberg had been dating his longtime girlfriend since 2003. He also said he was never interested in joining any of the terminal clubs.

"Information technology's interesting what stuff they focused on getting correct; like, every unmarried shirt and fleece that I had in that movie is really a shirt or fleece that I own," Zuckerberg told a reporter at a startup briefing in 2010. "Then there's all this stuff that they got wrong and a bunch of random details that they got right."

Gyre to Continue

Withal Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named him Person of the Year in 2010, and Vanity Fair placed him at the top of their New Establishment listing.

Facebook IPO

In May 2012, Facebook had its initial public offering, which raised $16 billion, making it the biggest Internet IPO in history.

After the initial success of the IPO, the Facebook stock price dropped somewhat in the early days of trading, though Zuckerberg is expected to weather whatsoever ups and downs in his visitor's market operation.

In 2013, Facebook made the Fortune 500 listing for the first time—making Zuckerberg, at the age of 28, the youngest CEO on the list.

Fake News and Cambridge Analytica Scandal

Zuckerberg was criticized for the proliferation of fake news posts on his site leading up to the 2016 U.S. presidential ballot. In early 2018, he announced a personal challenge to develop improved methods for defending Facebook users from abuse and interference by nation-states. (Previous personal challenges began in New year's 2009 and accept included only eating meat he killed himself and learning to speak Mandarin.)

"We won't prevent all mistakes or abuse, but nosotros currently make too many errors enforcing our policies and preventing misuse of our tools," he wrote on his Facebook page. "If nosotros're successful this year then we'll stop 2018 on a much better trajectory."

Zuckerberg came under fire again a few months afterward when it was revealed that Cambridge Analytica, a data firm with ties to President Donald Trump'south 2016 campaign, had used individual data from approximately 87 million Facebook profiles without the social network alerting its owners. The resulting outcry seemed to shake investors' conviction in Facebook, its shares dropping by xv percent afterward the news became public.

Post-obit a few days' silence, Zuckerberg surfaced on diverse outlets to explicate how the company was taking steps to limit 3rd-party developers' admission to user information, and said he would exist happy to testify before Congress.

On Lord's day, March 25, Facebook took out full-folio ads in seven British and three American newspapers, penned in the form of a personal amends from Zuckerberg. He promised the company would investigate all of its apps, and remind users which ones they can shut off. "I'thousand sorry we didn't do more at the time," he wrote. "I hope to practice improve for you."

Amid increasing calls for his resignation from investor groups, Zuckerberg traveled to Capitol Hill and met with lawmakers ahead of his two-mean solar day testimony, scheduled for April ten and eleven. The first day of hearings, with the Senate Commerce and Judiciary Committees, was considered a tame affair, with some senators seemingly struggling to understand the business model that powered the social media behemothic.

The follow-up hearing earlier the Firm Free energy and Commerce Committee proved far testier, as its members grilled the Facebook CEO over privacy concerns. During the day'southward testimony, Zuckerberg revealed that his personal data was among the information harvested past Cambridge Analytica, and suggested that legal regulation of Facebook and other social media companies was "inevitable."

Personal Wealth

The negative PR around the 2016 election and Cambridge Analytica scandal seemingly did fiddling to slow the visitor's progress: Facebook saw its stock shut at a record $203.23 on July 6, 2018. The surge bumped Zuckerberg by Berkshire Hathaway main Warren Buffett to become the globe's third-richest person, behind fellow tech titans Jeff Bezos and Bill Gates.

Any gains were wiped out when Facebook shares dropped a staggering 19 percent on July 26, post-obit an earnings report that revealed a failure to meet revenue expectations and slowing user growth. Most $16 billion of Zuckerberg'south personal fortune was erased in i mean solar day.

The stock rebounded, and Zuckerberg remains one of the world's wealthiest people. In 2019, Forbes ranked Zuckerberg at No. 8 on its 'Billionaires' list—behind Microsoft founder Bill Gates (No. ii) and ahead of Google co-founders Larry Folio (No. 10) and Sergey Brin (No. 14). The magazine estimated his net worth to exist most $62.3 billion at the fourth dimension.

Libra

In June 2019, Facebook announced it was getting into the cryptocurrency business organisation with the planned launch of Libra in 2020. Along with developing the blockchain engineering to power its financial infrastructure, Facebook established a Switzerland-based oversight entity chosen the Libra Clan, comprised of tech giants like Spotify and venture capital firms similar Andreessen Horowitz.

The news again put Zuckerberg in the crosshairs of Congress, which summoned the CEO to testify earlier the Firm Financial Service Commission in October. Despite providing assurances that Facebook would withdraw from the Libra Association if the projection failed to garner blessing from regulators, Zuckerberg faced pointed questioning from skeptical lawmakers who cited the Cambridge Analytica fiasco and other past transgressions.

Mark Zuckerberg'due south Wife

Zuckerberg has been married to Priscilla Chan, a Chinese-American medical student he met at Harvard, since 2012. The longtime couple tied the knot one day afterward Facebook'due south IPO.

About 100 people gathered at the couple'southward Palo Alto, California home for the ceremony. The guests thought they were there to gloat Chan's graduation from medical school, merely instead they witnessed Zuckerberg and Chan commutation vows.

Mark Zuckerberg'south Daughters

Zuckerberg has two daughters, Max, born on November thirty, 2015, and August, born on Baronial 28, 2017.

The couple announced they were expecting both of their children on Facebook. When Zuckerberg welcomed Max, he announced he would be taking 2 months of paternity leave to spend with his family.

Mark Zuckerberg arrives to receive the Axel Springer Laurels in Berlin on Feb 25, 2016.

Photograph: JOHN MACDOUGALL/AFP/Getty Images

Mark Zuckerberg's Donations and Philanthropic Causes

Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of philanthropic causes. The almost notable examples came in September 2010, when he donated $100 million to save the failing Newark Public Schools system in New Jersey.

And then, in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percentage of his wealth to charity over the course of his lifetime. Other Giving Pledge members include Nib Gates, Warren Buffett and George Lucas. Afterward his donation, Zuckerberg called on other young, wealthy entrepreneurs to follow suit.

"With a generation of younger folks who accept thrived on the success of their companies, there is a large opportunity for many of united states of america to give back earlier in our lifetime and come across the bear on of our philanthropic efforts," he said.

In November 2015, Zuckerberg and his wife also pledged in an open letter to their girl that they would give 99 percent of their Facebook shares to charity.

"We are committed to doing our small part to aid create this world for all children," the couple wrote in the open letter of the alphabet that was posted on Zuckerberg'south Facebook page. "We volition give 99% of our Facebook shares — currently nearly $45 billion — during our lives to bring together many others in improving this globe for the side by side generation."

In September 2016, Zuckerberg and Chan appear that the Chan Zuckerberg Initiative (CZI), the company into which they put their Facebook shares, would invest at least $three billion into scientific research over the adjacent decade to help "cure, prevent and manage all diseases in our children'southward lifetime." Renowned neuroscientist Cori Bargmann of The Rockefeller University, was named the president of science at CZI.

They besides appear the founding of Chan Zuckerberg Biohub, a San Francisco-based independent enquiry center that will bring together engineers, reckoner scientists, biologists, chemists and others in the scientific community. A partnership betwixt Stanford University, the Academy of California, San Francisco, and the University of California, Berkeley, Biohub volition receive initial funding of $600 million over 10 years.

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Source: https://www.biography.com/business-figure/mark-zuckerberg