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Nairametrics
Home People Billionaire Watch

Facebook founder, Mark Zuckerberg is 7 times richer than Africa’s richest man

Olumide Adesina by Olumide Adesina
June 15, 2021
in Billionaire Watch, Spotlight, Tech News
Mark Zuckerberg loses $88 billion in less than a year as Meta misses again

Mark Zuckerberg, CEO of Meta

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Mark Zuckerberg, the 37-year-old billionaire popularly known for rejecting job offers at Microsoft and AOL before graduating from high school, has seen his wealth surge by about $22 billion from the start of 2021 alone, putting him in a valuation of $125 billion.

The founder of Facebook is now 7 times richer than Aliko Dangote, Africa’s richest man, whose net worth at the time of filing this report stood at $17.4 billion.

Zuckerberg is the tech genius behind the world’s most valuable social media company. At the time of writing this report, the social media giant reportedly earned $86 billion in revenue for 2020 and boasts about 3 billion monthly users.

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READ: Facebook founder, Mark Zuckerberg, worth $104 billion keeps $2.3 billion in cash

Facebook’s helmsman’s wealth valuation is presently able to buy about 1.171 billion barrels of crude oil or 67.7 million troy ounces of gold.

His wealth notwithstanding, Zuckerberg is known for being modest particularly in his dressing and his choice of automobile, although he is also known for having a taste for premium real estate properties.

For their philanthropy efforts, Mark Zuckerberg and his wife, Priscilla Chan have over the years invested billions of dollars into childhood education and medical research.

Zuckerberg remains the youngest person with a wealth valuation of at least $100 billion.

READ: World richest man, Jeff Bezos holds 5% of his wealth in cash

Facebook faces headwinds amid growing calls from leading U.S lawmakers particularly California’s Democrat, Ro Khanna, buttressing on the social media giant unwinding its acquisitions of WhatsApp and Instagram and calling for aggressive antitrust enforcements and privacy regulations.

According to the lawmaker, there aren’t a lot of other robust social media platforms out there and thus, having WhatsApp and Instagram as separate entities would help foster healthy competition.


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Tags: FacebookMark Zuckerberg
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 6

  1. Joseph Samuel says:
    June 15, 2021 at 6:53 pm

    I’m Very happy for this, I wish I could be one of this type of legend ??

    Reply
  2. Olusegun Akogun Abudu says:
    June 15, 2021 at 10:14 pm

    @OlumideAdesina i have a very catching story you may wish to publish on facebook.

    Reply
  3. Eben T. says:
    June 16, 2021 at 3:56 am

    I am Mr E T a retired disable man, all I want is $55000.00 to sort out my business and Mr Mark Zuckerberg has it in over $100 billion. He and his wife are blessed, and such s simple man. Please I know you can afford to pay into my bank account or to my bankers the $55000.00 for my business.

    Reply
    • Anonymous says:
      June 16, 2021 at 8:40 am

      I have mark’s mobile number, I can always give it to you any time any day

      Reply
      • vf says:
        October 24, 2021 at 1:32 am

        give me

        Reply
  4. OGUNLAJA NIKE says:
    June 18, 2021 at 12:21 pm

    A very good achievement

    Reply

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