Facebook is one of the most widely used social media platforms in the world. It’s estimated that over 3 billion people use Facebook every month. But who owns Facebook? The answer to this question may surprise you. Mark Zuckerberg, the founder and CEO of Facebook, has built an empire with his company and now holds a substantial amount of influence in our digital age. This article will explore Mark Zuckerberg’s expansive empire and how he became one of the wealthiest individuals in the world by creating a platform that millions of people use every day.
Early life and education
Mark Zuckerberg was born on May 14, 1984, in White Plains, New York. His father, Edward Zuckerberg, is a dentist, and his mother, Karen Zuckerberg, is a psychiatrist. He has two sisters: Randi, who is married to Brent Tworetzky; and Donna, who works for Facebook as a marketing director.
Zuckerberg attended Ardsley High School before transferring to Phillips Exeter Academy in his junior year. At Exeter, he excelled in classes such as Latin, science, and fencing. In his senior yearbook, he wrote that his goal was “to become the best software engineer in the country.”
After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. He originally planned to study physics but ended up switching his concentration to computer science. While at Harvard, he developed a program called “Facemash” that allowed students to rate the attractiveness of their classmates. The program was shut down by the university after it was revealed that some of the photos used were taken without the subjects’ knowledge or consent.
In 2004, Zuckerberg teamed up with roommates Eduardo Saverin and Dustin Moskovitz to launch “Thefacebook,” a social networking website that would eventually become known as Facebook.
It’s no secret that Facebook is one of the hottest Silicon Valley startups. The social networking site has over 24 million currently active users and continues to grow at an incredible rate. But who actually owns Facebook?
The answer is a bit complicated. While Mark Zuckerberg is the company’s CEO and largest shareholder, he doesn’t technically own a majority stake in the business. In fact, according to recent SEC filings, Zuckerberg only owns approximately 28.4% of Facebook’s Class A common stock.
So if Zuckerberg doesn’t own a majority of Facebook, who does? The answer is a consortium of investment firms and individual investors. Some of the most notable investors in Facebook include Accel Partners (10%), Peter Thiel (5%), Greylock Partners (4%), and Meritech Capital Partners (3%). Combined, these investors own approximately 56% of Facebook’s Class A common stock.
Interestingly, though, Zuckerberg does control a majority of Facebook’s voting power. That’s because he owns a significant amount of Class B common stock, which carries 10 votes per share compared to just 1 vote per share for Class A common stock. As of September 30, 2010, Zuckerberg owned approximately 60% of Facebook’s total voting power.
So while Zuckerberg may not technically own a majority stake in Facebook, he does control the company through his ownership of Class B common stock. And with Facebook valued at over $50 billion as of February 2011, it’s safe to say that Zuckerberg is doing
Businesses and Investments
Mark Zuckerberg’s business ventures and investments are vast and varied. He has a hand in many different industries, from technology to media to philanthropy. Here is a look at some of the businesses and investments that Zuckerberg has been involved with:
-Facebook: Obviously, Zuckerberg is the co-founder, chairman, and CEO of Facebook, one of the world’s most popular social networking platforms. Facebook is said to be worth around $600 billion as of 2019.
-Instagram: In 2012, Zuckerberg acquired Instagram for $1 billion. Instagram is now one of the most popular photo-sharing platforms in the world with over 1 billion monthly active users.
-Oculus VR: Oculus VR is a virtual reality headset company that was acquired by Facebook for $2 billion in 2014. Oculus VR is best known for its Oculus Rift headset which allows users to experience immersive virtual reality environments.
-Plex: Plex is a media streaming company that offers free and paid subscription services. In December 2019, it was announced that Plex had been acquired by Mark Zuckerberg for an undisclosed sum.
-SolarCity: SolarCity is a solar energy company that was founded in 2006 by brothers Peter and Lyndon Rive. SolarCity was acquired by Tesla Motors in 2016 for $2.6 billion. However, since Tesla itself is now struggling financially, it’s unclear what will happen to SolarCity in the future.
Mark Zuckerberg is one of the most influential people in the world, and his empire continues to grow. But who owns Facebook?
Zuckerberg himself owns a little over 20% of Facebook, Inc., which is worth an estimated $70 billion. That stake makes him one of the richest men in the world, with a net worth of approximately $74 billion.
The bulk of Facebook’s shares are owned by institutional investors, such as mutual funds and investment firms. The largest shareholder is Vanguard Group, which owns about 5% of the company. Other major shareholders include BlackRock, Fidelity Investments, and T. Rowe Price.
Members of Facebook’s board of directors also own shares in the company. However, Zuckerberg has majority voting control over the board thanks to a dual-class share structure that gives him 10 votes for every share that he owns. This means that even though he doesn’t have a majority stake in Facebook, he still controls what happens at the company.
When it comes to Facebook and philanthropy, Mark Zuckerberg is no slouch. In 2010, he and his wife Priscilla Chan pledged to give away 99% of their Facebook shares – currently valued at over $70 billion – over the course of their lifetimes. They’ve already given away billions through the Silicon Valley Community Foundation and other charitable organizations.
And it’s not just money that Zuckerberg is giving away – he’s also using his influence to make change happen. He’s been a vocal advocate for immigration reform, net neutrality, and open internet access. He’s even met with President Obama to discuss how technology can be used to improve education and healthcare.
It’s clear that Zuckerberg cares deeply about making the world a better place. And with his vast resources, he has the ability to make a real impact.
Mark Zuckerberg has become an immensely successful tech entrepreneur, who currently owns and operates one of the world’s most popular social media networks. His business acumen and bold decisions have been instrumental in making Facebook what it is today – a wildly profitable enterprise that continues to dominate the digital landscape as we know it. With his ever-growing influence, Mark Zuckerberg is sure to remain a prominent figure in the tech industry for many years to come.
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