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Facebook boss Mark Zuckerberg joins centibillionaire club

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August 07, 2020 at 08:11AM

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The 36-year-old follows Jeff Bezos and Bill Gates as fortune passes $100bn for first time

Mark Zuckerberg’s fortune has passed $100bn (£76bn) for the first time, adding him to an exclusive club of the world’s centibillionaires, after Facebook’s shares surged on news it is to launch a rival to the video-sharing app TikTok.

Facebook announced the US rollout of Instagram Reels, its answer to the Chinese app TikTok, as the US president, Donald Trump, issued bans on American companies transacting with its parent company, ByteDance, and Tencent, which owns the WeChat messaging service.

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