Mark Zuckerberg created Facebook by himself

Mark Zuckerberg: This is the billionaire Facebook founder

Source: Facebook

Who Invented Facebook?

Although Mark Zuckerberg is best known for founding Facebook, he did not found the company alone at the time. Together with his friends and former students Dustin Moskovitz, Eduardo Saverin, Andrew McCollum and Chris Hughes, the idea of ​​a social network was born. This network enables users to register for free, create a profile, upload photos and videos and stay in contact with acquaintances, friends and colleagues. And the idea hit that Facebook is still the network with the most user numbers to this day. But while all the other founding members left the company over the years, Mark Zuckerberg stayed and is the only one of the former Facebook founders to manage the company to this day.

When and where was Facebook founded?

Facebook was founded in 2004 in Cambridge, a city in Massachusetts, USA, to further develop the social network of the same name. It originated at Harvard University, where the founding members studied. That's why Facebook was only available to students at Harvard University in its early days to network with other students via the social network. Due to the rapid success - because half the university was represented on Facebook - the founders expanded the network to other US universities. Over time, more and more functions and users were added, so that Facebook has around 2.8 billion users today.

Who Owns Facebook?

The majority of Facebook Inc. is owned by employees with approximately 30 percent of the company. Mark Zuckerberg himself owns around 28 percent of the company. But if you look at the remaining shares in the company, the shareholders include many investors, international companies, other successful founders and entrepreneurs as well as two of the co-founders. The other founders received a severance payment when they left the company and therefore no longer own any shares.

Why is the company called Facebook?

Originally, Facebook was called "The Facebook" when it became known among the students at the time. The first website that Zuckerberg built even went online as "facesmash.com". Today's simple name "Facebook" means literally translated "face book" and clearly shows the benefits behind the social network. Because this is about being visible online with your profile and photo in order to network with others. So you basically show your "face".

What is the net worth of Facebook founder Mark Zuckerberg?

Mark Zuckerberg is successful and has made his company Facebook one of the most successful and largest corporations in the world. This suggests that he can now look back on a large fortune. In fact, experts estimate his total assets at around 100 billion US dollars. Thus, he is also listed by Forbes and Bloomberg, two large US media companies, on their billionaire lists and is one of the richest people in the world.

However, Zuckerberg uses his fortune to get socially involved. Over the years he and his wife Priscilla Chan, whom he married in 2012 and with whom he now has a daughter, donated several hundred million US dollars to schools and other projects in the fields of education and health. In 2015 the couple founded the "Chan Zuckerberg Initiative". With this and a large part of his Facebook share assets, the entrepreneur wants to support good causes.

The dispute between the Facebook founder and former fellow students

Mark Zuckerberg's image has suffered significantly from an argument with former fellow students from Harvard. The twins Tyler and Cameron Winklevoss accuse the Facebook founder of stealing the idea for Facebook from them. During their student days, the Winklevoss twins hired Zuckerberg as a programmer for a website that they wanted to build together with their partner Divya Narendra. The idea for an online social network called ConnectU (“Network yourself”) came to them in 2003. With the establishment of Facebook in 2004, Zuckerberg is said to have stolen the idea from the twins and implemented it on their own. The brothers went to court with their accusation, causing a scandal and critical reporting. Facebook dismissed the lawsuit, but the brothers persisted. In 2008, however, Zuckerberg agreed to a settlement to end the dispute. So the twins got paid $ 65 million.