Mark Zuckerberg, CEO of Facebook, the world’s most popular social media platform, has a net worth of 1 trillion dollars. Zuckerberg becomes the third richest person in the world.
Zuckerberg’s personal fortune has crossed the 1 trillion dollar mark. As the Facebook company has announced the release of Instagram Reels as a competitor to TikTok.
The company’s share price rose 6 percent with the launch of the short video making app, Instagram Reels. As a result, Zuckerberg, who owns 13 percent of the company, has seen a significant increase in his assets.
Together, Zuckerberg has become the third person in the world with a fortune of one trillion dollars. So far, only 1 trillion dollars has been owned by Amazon CEO Jeff Bezos and Microsoft founder Bill Gates.
Dollar billionaire Zuckerberg has announced that he will donate 99 percent of his life’s shares in Facebook to charity. For this, Zuckerberg has set up a charity along with his wife Priscilla Chan.
How Zuckerberg becomes the third-richest person?
As the future of the Chinese app TikTok becomes uncertain in the United States, Facebook has launched Instagram Reels as an alternative to TikTok. US President Donald Trump has signed an executive order barring any US company from doing business with TikTok in the next 45 days. TikTok said he would go to court against Trump’s order.
In this app, users can create, edit, and upload 15-second short videos, just like in TikTok, by adding audio and effects. In this app, you can record and upload different video clips at once or even upload the video you already have.
Facebook launched Instagram in Brazil last year as a pilot project. It has later launched in Germany and France, and more recently in India, as a trial.
A week after the Indian government banned TikTok, Facebook announced that the app had been launched in India as a trial.
With all the popularities gained by these social media like Facebook, Instagram, and Instagram Reels. Facebook founder Zuckerberg’s fortune reached 1 trillion. Now, Zuckerberg becomes the third richest person in the world.