The road to make Mark Zuckerberg the third richest billionaire in the world

Tram Ho

In 2003, Mark Zuckerberg founded the Facemash website. Zuckerberg uploaded photos of his classmates he “hacked” from the dorm’s profile. In just one hour of launch, Facemash had more than 22,000 views from 450 people. However, only a few days after the site was asked to stop operating by Havard due to copyright and security concerns. (Image: Facebook)

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Following the closure of Facemash, Zuckerberg continued to create Thefacebook on February 4, 2004. A few days later, three other Harvard students accused Mark Zuckerberg of agreeing to build them a website called HarvardConnection.com but then dropped it, using this idea to create Thefacebook. The lawsuit was settled only in 2008 when they were allowed to own 1.2 million Facebook shares, or $ 300 million, at the time of the IPO. (Image: Wikipedia)

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Within half of a month, half of Harvard students were registered as members of Thefacebook. By March 2004, the site expanded to other universities such as Yale, Columbia and Stanford. A number of other Harvard students including Dustin Moskovitz, Eduardo Saverin, Andrew McCollum and Chris Hughe co-founded the site. (Image: Wikimedia Commons)

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Just a few months after its launch, Thefacebook got its first advertising deal. At the time, Zuckerberg still ran the website in a small room in the school dormitory. However, a short time later he decided to drop out of school to focus on his startup. (Image: Mark Zuckerberg)

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In mid-2004, Zuckerberg hired Napster co-founder Sean Parker as the first president of the social network. In June 2004, the company opened its first office in Palo Alto, California. Also this month, Facebook received its first $ 500,000 investment from PayPal co-founders – Petel Thiel and Elon Musk – who is now Tesla CEO and also a billionaire. (Photo: AP)

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By May 2005, Facebook had raised $ 13.7 million. In 2006, Facebook launched Newsfeed, a feature that allows users to track activities posted by their friends quickly. In 2007, Zuckerberg met Google director Sheryl Sandberg at a Christmas party. Later, he invited Sandberg to become COO (chief operating officer) of Facebook. In 2008, Zuckerberg became the youngest self-made billionaire in the world when he owned a billion-dollar fortune at the age of 23. (Image: NBCNews)

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In 2009, Facebook moved its headquarters from Palo Alto to Stanford Research Park, but in 2011 the company moved to another headquarters. By the end of 2010, Facebook reached a milestone of 1,000 billion views in a month. At this point, Facebook has shown the world the important role social networks play in global politics. Zuckerberg himself has been paid more attention by politicians. Also in 2010, Facebook CEO Times was voted “Character of the Year” by Times magazine. (Image: Facebook)

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On May 18, 2012, Facebook offered its shares to the public for the first time (IPO), successfully raised US $ 5 billion and became the Internet company with the largest IPO in the world up to that time. Also in 2012, Facebook spent $ 1 billion to acquire Instagram. In 2014, the company continued to spend $ 2 billion to buy virtual reality technology firm Oculus and $ 19 billion to own the free messaging app WhatsApp. (Image: Getty Images)

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After 10 years of launching, Facebook has 1.23 billion regular users per month. In September 2015, Zuckerberg first appeared in Forbes’ Top 10 richest people in America with a net worth of 40.3 billion USD, ranked 7th. In March 2016, he became the Top 10 richest people for the first time. Forbes World, ranked No. 6 with 44.6 billion USD. The CEO who was born in 1984 is also the youngest in the Top 10. (Image: AP)

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In June 2017, Facebook reached 2 billion monthly users. In March 2018, Zuckerberg ranked 5th in the Top 10 richest people in the world with $ 71 billion, according to Forbes statistics. However, in the same year, the Cambridge Analytica information scandal broke, revealing that the data analytics firm had been collecting data from tens of millions of Facebook users in an unrighteous way. Because of this, in April 2018, Zuckerberg had to stand before the US Congress for a hearing. (Image: Getty Images)

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In 2019, FTC fined Facebook $ 5 billion for violating user security. This is a record fine imposed by the US Federal Trade Commission on a technology firm. Also in 2019, Facebook announced its launch of the Libra cryptocurrency, which prompted Zuckerberg to once again test Congress on the financial implications and regulations regarding virtual currencies in October 2019. (Image: Reuters)

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Despite the negative effects of the Covid-19 pandemic on the global economy, Facebook still grew well with Q1 / 2020 business results exceeding Wall Street’s expectations. This also helps the 36-year-old CEO add more than $ 30 billion to his huge fortune after only 2 months. In mid-March, when Silicon Valley and the Bay Area began executing a “shelter on the spot” order, Zuckerberg was ranked fifth on the Bloomberg rich list for $ 57.5 billion. According to the Bloomberg Billionaires Index, he now owns $ 89.1 billion, the third richest person in the world, behind only Jeff Bezos – Amazon boss and Microsoft co-founder Bill Gates. (Image: Bloomberg)

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Recently, Facebook has also invaded e-commerce by setting up shops that allow businesses to open virtual stores on Facebook. In April, the company also launched a virtual meeting room feature – similar to its rival Zoom – called Messenger Rooms, allowing users to create a virtual meeting room with 50 participants. . (Image: Facebook)

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