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MARK ZUCKERBERG ATTAINS CENTIBILLIONAIRE STATUS

Mark Zuckerberg is currently one of three people in the world who have attained a centibillionaire status. This is as a result of an increase in Facebook’s stock prices after Tiktok’s release in the US failed to fall through.

According to the Mariam Webster dictionary, a centibillionaire is one whose wealth is estimated at one hundred million (as of dollars or pounds) or more.

The Facebook founder joins fellow tech titans, Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index.

Zuckerberg has gained about US$22 billion this year, while Bezos is up more than US$75 billion.

Tech giants in the US have benefited the most since COVID-19 rocked the world, with many businesses going under and people losing their jobs.

 According to Bloomberg, ”The five largest American tech companies – Apple, Amazon, Alphabet, Facebook, and Microsoft – currently have market valuations equivalent to about thirty percent (30%) of US gross domestic product, nearly double what they were at the end of 2018”.

On the subject of what he intends to do with all his accumulated wealth, Mark Zuckerberg has made it known that he intends to give all his money away to charity during his lifetime.

August 10, 2020

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