Mark Zuckerberg's wealth crossed $100 billion for the first time, making him the third person in the world to become a centi-billionaire after Jeff Bezos and Bill Gates.
The Facebook CEO added $22.1 billion to his net worth since the start of the year, and is ranked third on the Bloomberg Billionaires Index.
Facebook CEO Mark Zuckerberg
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Zuckerberg's fortune swelled as Facebook stocks surged six percent after news broke that the social networking giant is gearing up to launch a TikTok rival.
Earlier this week, Facebook rolled out its TikTok-like feature Instagram Reels in the US, after launching it in India last month. However, following the Trump administration's ban on TikTok and WeChat, the US market is open for newer product launches.
This comes shortly after speculations of Microsoft buying TikTok from ByteDance.
Jeff Bezos, Mukesh Ambani, Elon Musk, and other billionaire wealth gainers of the pandemic
Big Tech's wealth gain
Despite the coronavirus pandemic crashing global economies, Big Tech companies have seen serious stock gains this year as people went online by the hordes. Consequently, the personal fortunes of their respective founders and CEOs have also skyrocketed.
Zuckerberg has been among the biggest wealth gainers in 2020.
Amazon CEO Bezos is the leader of the pack with a $75 billion wealth gain. He's worth $190 billion now, and is on course to become the first to reach $200 billion. Tesla CEO Elon Musk is another big gainer, having added $42.7 billion to his fortune in 2020.
According to Bloomberg,
Other top wealth accumulators this year include Reliance Industries Chairman Mukesh Ambani, who added $21.6 billion to his fortune this year. He's the fifth richest person in the world now ahead of Warren Buffett, Elon Musk, Sergey Brin, and Larry Page.
(Edited by Saheli Sen Gupta)
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