Saturday, April 26, 2008

Facebook founder Mark Zuckerberg is the youngest self-made billionaire ever

“23 year old, Single, US resident, Harvard University drop out.” I am talking about Mark Zuckerberg, who has become the newest golden boy of technology. Whenhe was at Harvard, he founded an addictive social-networking site Facebook in February 2004. Later, he left school for Silicon Valley that year; scored initial $500,000 investment from PayPal cofounder Peter Thiel. Venture firms soon swooned, among them Accel Partners and Greylock Partners.

Today Facebook boasts 66 million active users. Estimated annual sales: $150 million. Expanding beyond being a college-only message system and photo album; now courting users to 55,000 different high school, business and city networks. Last October, Microsoft bought 1.6% stake for $240 million and this deal led many analysts to suggest the company is worth $15 billion.

His net worth is estimated to be $1.5 billion, which has made this tech savvy boy the youngest billionaire on earth and possibly the youngest self-made billionaire ever.

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