After Jeff Bezos of Amazon and Bill Gates of Microsoft, Facebook founder Mark Zuckerberg has become the newest member of the centibillionaire club as his net worth crossed $100 billion.
Facebook’s shares surged by 6% on investor optimism over the news the company plans to launch Instagram Reels, a rival to the Chinese video-sharing application TikTok, Bloomberg Billionaires Index reports.
Mark Zuckerberg, who founded Facebook in 2004 and owns a 13% stake in the company, gained about US$22 billion this year.
