What Is Facebook?

Facebook was launched officially in 2004 and it came to be known as the most celebrated and popular social networking website. It is owned and operated by Facebook, Inc. It rose to fame in some years as in 2012; over one billion active users were reported to be a part of it. A great number in this amount are the users who use the social network site through their mobile phones. The website enables users to make free accounts in order to create a personal profile which enables them to add friends and exchange messages from all around the world. These friends can be adjusted within the lists in accordance with the role they have in the lives of the others for instance, classmates, colleagues and family.

Facebook was actually founded by Mark Zuckerberg with his college mates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes in the dorm rooms of Harvard University. It was reported that Accel partners invested $12.7 million in Facebook during 2005 and another $1 million was later on added to the pot. It was also reported by Social Media Today in April 2010 that an estimated 129.5 million users in the US contained accounts of this famous social network.

The Net Worth of Facebook

When it comes to the net worth of Facebook, many conclusions can be drawn. However, it is reported that this American based social networking company has a market cap and a net worth of $53 billion. The company has been private since its launching but later in 2012 it decided to go public and had the biggest IPOs than there ever was. It raised $10.6 billion after selling 337 million shares which were priced between $28 and $35 per share. Many of the prominent Facebook insiders are willing and expected to sell a lot of shares with the IPO. Mark Zuckerberg has sold 30.2 million shares that should net him $1.057 billion and he shall still own over 500 million other shares which he is not willing to sell in the IPO and which can give him a net worth of almost around $16 billion. After facing a lot of speculations, criticisms and even positive feedback, its net worth is still $112 billion according to the price per public share that is $41.

The Youngest Billionaire

Through the immense popularity and excessive usage of the social network, C.E.O Mark Zuckerberg has come to be known as the youngest self-made billionaire in the world’s history. Since Facebook tops the chart with a staggering $53 billion net worth, Mark Zuckerberg is said to have a network around $1.5 billion which is pretty near the famous billionaire TV host, Oprah Winfrey. However, speculations are being made about his net worth as of the fact that Microsoft invested $240 million within Facebook and according to those statistics and the fact that Zuckerberg holds 30% stake in Facebook, proves that he could have $5 billion within his net worth therefore, it can be said that Facebook is way ahead of its time.

Author Bio:

Alisa Taylor is a regular guest blogger and content write. She loves to write articles on technology and on business such as Go to the homepage here.

Net Worth of Facebook