Mark Elliot Zuckerberg, popularly known as Mark Zuckerberg, is the brain behind the popular social networking site- Facebook that has the entire world hooked to it. A computer programmer and an Internet entrepreneur Zuckerberg is the chief executive and president of Facebook.
In 2004, Facebook was co-founded as a private company by him and his classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while they were studying at Harvard University.
Early Life and Education
Mark Zuckerberg was born on May 14, 1984, in White Plains, New York into a well-educated family and developed an interest in computer programming at an early age. He was raised in nearby Dobbs Ferry.
At a very tender age of 12, Zuckerberg created his own messaging program named Zucknet that worked as an inter-office communication system for his father’s dental practice. Due to his early signs of success, his parents got him a computer programming tutor while he was still in high school, and they enrolled him in a prep school in New Hampshire.
After graduating from prep school, Zuckerberg enrolled at Harvard University.
Mark Zuckerberg: A Success Story
While many intelligent people attend Harvard University, Mark Zuckerberg became known quickly as the go-to computer programmer on campus. By his second year, he had already built two programs: CourseMatch and FaceMash. Both programs became highly popular, but the university did shut down the latter one after it was deemed to be an inappropriate one.
Based on his acclaim on campus, Zuckerberg partnered with friends to create a social networking site that allowed Harvard students to connect with each other. The site became officially live in June 2004 under the name “The Facebook,” and Zuckerberg passionately ran it out of his dormitory room.
After his second year, Zuckerberg dropped out of college to pursue what was then called Facebook full-time. The website reached 1 million users by the end of 2004.
This explosion of user growth attracted the attention of many venture capital (VC)firms, and Zuckerberg eventually moved out to Silicon Valley in 2005. Facebook received its first round of venture capital investments from VC firm Accel Partners, which invested $12.7 million in the site that was still only open to Ivy League students.
By the end of 2005, however, Facebook had opened up to students attending other schools, causing the website to reach 5.5 million users. Since 2005, Facebook has received numerous acquisition offers from the likes of Yahoo and Microsoft, has been through legal battles, and has greatly increased its users. On July 25, 2018, Facebook released Q2 earnings.
The company reported that daily active users averaged 1.47 billion for June 2018, an increase of 11% year-over-year. Monthly active users totaled 2.23 billion as of June 30, 2018, an increase of 11% year-over-year. As of July 30, 2018, the company has a market cap of $483 billion.
The founder and the ultimate “face” of Facebook indirectly hold around 11.92 million Class A Facebook shares through a series of funds, according to the company’s SEC filing on August 30, 2018. Mark also owns an ultimate 392.71 million Class B shares per the company’s April 13, 2018, proxy statement.
Control over nearly 78.9% of the Class B shares gives Zuckerberg 53.3% voting rights in the company. In July 2018, Zuckerberg sold 240,000 shares of the Facebook common stock. The stocks sold at an average price of $216.71, for a total transaction of just over $52 million.
Net Worth & Current Influence
Mark Zuckerberg has a net worth of $63.5 billion as of July 30, 2018, according to Forbes.
When it comes to having influence, Zuckerberg has signed the Giving Pledge, which means that he will donate at least 50% of his net worth to philanthropic causes before his death. In 2010, for example, he donated more than $100 million to save the Newark school system in New Jersey.
When his daughter Max was born, Zuckerberg and his wife Priscilla Chan authored an open letter in which the pledge to give away 99% of their net worth during lifetime. However, many have criticized the method by which Zuckerberg is donating his fortune.
The charitable foundation Zuckerberg and Chan set up is a limited-liability corporation, not a mere charitable trust. This decision allows the two to do things that charitable trusts are not allowed to do, which in turn could make the foundation more effective, though it might also benefit their family more than a traditional trust.
Corporations can make for-profit investments and political donations. Unlike charitable trusts, corporations are not required to report their political donations. In April 2018, Zuckerberg testified before Congress after it was revealed that the company had shared users’ data with the political consulting firm Cambridge Analytica.
Forbes has credited the quick drop of Facebook’s stock price following the company’s July warning to investors of slowing growth and profit margins to the growing impact of the battle between profit and privacy, citing the Cambridge Analytica story and Facebook’s growing inability to protect users from harmful misuse and misinformation.
Some Weird Things You Didn’t Know About Mark Zuckerberg
- He nearly worked for Microsoft.
When he was a senior in high school he co-created an app called Synapse Media Player, an MP3 player that kept track of the user’s favorite songs and made playlists based on their choices, essentially an earlier version of Spotify or Pandora.
Microsoft looked to acquire the company and its founders, but instead of working for the cyber tech giant, Zuckerberg and co-creator Adam D’Angelo — who later found Quora — got a patent for the tech and then went to college instead.
- He has unexpected pop culture tastes.
One of his many favorite books is The Aeneid, and one of his most favorite TV shows is The West Wing, which was created by Aaron Sorkin, the man who has also written the movie based on the creation of the giant Facebook, The Social Network.
- He’s known for being frugal.
Even though today he has a lavishly appointed home that is powered by an AI butler with Morgan Freeman’s (God’s) voice, in an interview, he said that he found all of his apartments on Craigslist.
- His eyesight is the reason behind Facebook’s color scheme.
Facebook’s blue logo has a secret of its founder. Zuckerberg has red-green color blindness.
- He wasn’t always a high-level coder.
He first learned to code from a C++ for Dummies book.
- He’s an admirer of Steve Jobs.
The late Apple founder Steve Jobs’ bold leadership style has highly inspired the message he put on his first business cards: “I’m CEO, bitch.”
- He’s on Twitter.
But he’s unsurprisingly not very active on it. He’s tweeted 19 times since 2009.
- His dog is a celebrity too
Beast, his Hungarian sheepdog, has his own Facebook fan page that has more than 2 million likes.
His daughter is a fan too – he posted that Max’s first word was ‘dog’.
- He looks taller in photos than he really is.
Mark Zuckerberg is 5’7″ and stages all of his photos to make it look like he’s average height pic.twitter.com/CwInaJt9lA
— graham starr (on vacation) (@GrahamStarr) July 13, 2017
Zuckerberg is only around 5 ft 7 inches, however, he does seem much taller in his photos. That’s because he apparently has some great positioning tricks as he stands with his chest out and his back straight as if held up by a string.
- He can’t be blocked on Facebook.
Blocking Zuckerberg or Priscilla Chan isn’t an option for users on Facebook. If you attempt to block them, an error message will appear that reads, “this profile can’t be blocked for now.”
- He doesn’t ride in style.
Zuckerberg has a fairly inexpensive taste when it comes to cars, reportedly driving a $30,000 Acura TSX and a Volkswagen Golf GTI.
A billionaire indeed with a simple living high thinking persona – Mark Zuckerberg!
Team Next Big Brand wishes him good health on his birthday!
Happy B’day Mark!