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.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.Facebook shares rose by more than 6% on Thursday.Mr.Zuckerberg holds a 13% stake in the company.Mr.Zuckerberg’s personal wealth has gained about $ 22bn this year, while Mr.Bezos has grown by more than $ 75bn, according to Bloomberg.
