After shares in the social network surged, Facebook (FB) CEO Mark Zuckerberg became a centibillionaire, a person who is worth is at least $100 billion.
Zuckerberg has joined the only two other men considered centibillionaire: Amazon’s Jeff Bezos and Microsoft’s Bill Gates. Both men have bigger personal fortunes than Zuckerberg.
A day after FB launched Reels which is the company’s version of TikTok on Instagram, Facebook’s stock climbed 6.5% , the main reason why Zuckerberg’s wealth got its latest bump . The release of Reels came just as US President Donald Trump threatened to ban , the Chinese-owned app TikTok.
As a new centibillionaire, Mark Zuckerberg has become a part of the world’s most exclusive club of the ultra-rich.