Instagram’s TikTok Knock Off Helps Mark Zuckerberg Become The Worlds 3rd Centibillionaire
We all had crazy ideas back when we were in uni, but can you imagine if one of your borderline sexist ideas ended up making you 100 billion dollars? Quite literally none of us can, except of course Mark Zuckerberg. The facebook founder has joined an elite group (it’s not even big enough to be a group really, there’s only two other people) of centibillionaires comprising of who else but Jeff Bezos and Bill Gates.
That’s right, when he’s not busy being accused of being a reptilian or surfing with way too much sunblock on his face, his busy hustling. He may only own a 13% stake in Facebook but with the company’s share surging by 6% thanks to investor optimism over the prospects of its quite literal TikTok copycat, the 36-year old is now the youngest member of.. the trio of centibillionaires? (We definitely need a name for them).
Honestly, Zuckerberg can thank Trump for this, given that it’s the president’s executive order that pretty much screwed TikTok over in the US. It’s not just Trump though, the coronavirus pandemic has brought about a surge of usage on tech platforms. Zuckerberg’s net worth has actually risen by around US$22 billion this year, and he’s not alone. Jeff Bezos is US$75 billion richer since the outbreak of the pandemic.
These obscene wealth gains since the pandemic has been a subject of debate, with many arguing that the insanely rich should be taxed higher and the revenue for that being used to cover the healthcare expenses of those struggling to pay for it. It’s a valid argument, but is it fair for us to expect billionaires to help out from the money they worked hard for?
Let us know what you think.