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World's Richest People: The Guardian BBC

The launch of Instagram Reels has increased Facebook's share price and pushed Mark Zuckerberg's net worth to over $100 billion for the first time. Zuckerberg, who founded Facebook in 2004 at age 19 and owns 13% of its shares, has joined Jeff Bezos and Bill Gates in the exclusive group of centibillionaires according to the Bloomberg Billionaires Index. The surge in value is attributed to Instagram Reels being seen as competition for the popular short video app TikTok.

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Romulo Rosario Marquez
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121 views

World's Richest People: The Guardian BBC

The launch of Instagram Reels has increased Facebook's share price and pushed Mark Zuckerberg's net worth to over $100 billion for the first time. Zuckerberg, who founded Facebook in 2004 at age 19 and owns 13% of its shares, has joined Jeff Bezos and Bill Gates in the exclusive group of centibillionaires according to the Bloomberg Billionaires Index. The surge in value is attributed to Instagram Reels being seen as competition for the popular short video app TikTok.

Uploaded by

Romulo Rosario Marquez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The US roll-out of Instagram Reels has seen the personal fortune of

Facebook founder Mark Zuckerberg hit $100bn (£76bn) for the first time. 

The Guardian and BBC report that Facebook’s shares have surged after the


launch of Instagram’s new short-form video feature, which is seen as a rival to
TikTok. 
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According to the Bloomberg Billionaires Index, Zuckerberg’s 13% stake in
Facebook means he has joined the exclusive “centibillionaire club” along with
Amazon founder Jeff Bezos and Microsoft founder Bill Gates.
Bezos remains the world’s richest person, but who else is ranked alongside him?
World’s richest people
According to the Bloomberg Billionaires Index (as of 7 August)

1. Jeff Bezos, $190bn
The former hedge fund manager turned online book seller started Amazon in
his garage in 1994. Bezos has invested heavily in space technology and also
owns The Washington Post newspaper.

2. Bill Gates, $120bn
A permanent fixture at the top end of rich list for the past 20 years, the
Microsoft founder has sold or given away much of his stake in the company –
he owns just 1% of Microsoft – and now focuses predominantly on his
philanthropic work.

3. Mark Zuckerberg, $100bn


Zuckerberg famously started Facebook in 2004 at the age of 19 and now is
among the top five richest men in the world.

4. Bernard Arnault & family, $81.4bn


Arnault is the wealthiest European on the list. The Frenchman oversees an
empire of more than 60 brands including Louis Vuitton and Sephora.
5. Mukesh Ambani, $80.3bn
Indian Ambani has a 42% controlling stake in Reliance Industries, which is the owner
of the world’s largest oil refining complex. He is also the owner of property worth
more than $400m.
6. Steve Ballmer, $77.7bn
The American was the former CEO of Microsoft from 2000 to 2014. He is the current
owner of the Los Angeles Clippers NBA franchise.

7. Warren Buffett, $77.5bn


Now in his ninth decade, the Berkshire Hathaway chief executive, known as
the “Oracle of Omagh” is one of the most successful investors of all time. Like
Gates he has pledged to give away more than 99% of his fortun

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