Mark Zuckerberg is now richer than Steve Jobs

By on September 23, 2010, 8:00 AM
Facebook CEO Mark Zuckerberg now has a higher net worth than Apple CEO Steve Jobs, as first noted by Forbes. This year, Zuckerberg is estimated to be worth $6.9 billion, mainly thanks to the soaring valuation of Facebook -- anywhere between $23 billion and $34 billion -- which he founded just five years ago. Jobs, meanwhile, has a net worth of $6.1 billion, most of which is actually tied up in Disney. Apple was founded before Zuckerberg was born.

Zuckerberg added $4.9 billion to his fortune this year, while Jobs only grabbed a billion. That means Zuckerberg is number 35 on the Forbes 400 while Jobs is placed at 42. Bill Gates remains the richest American with a net worth of $54 billion.

So what is Zuckerberg planning to do with all that money? For starters, he's about donate $100 million to help turn around the Newark public school system, according to The Wall Street Journal. The donation will be the first step from a foundation intended to improve US education. He will discuss the contribution Friday on The Oprah Winfrey Show, joined by Newark Mayor Cory Booker and New Jersey Governor Chris Christie.

Billionaires Zuckerberg and Jobs might soon be fighting in more than just wealth rankings. On September 1st, Apple entered the social network fray with Ping. Facebook, meanwhile, is rumored to be developing its own phone, but even if it isn't, the mobile space is going to be of utmost importance if the world's largest social network is to remain at the top.





User Comments: 9

Got something to say? Post a comment
Burty117 Burty117, TechSpot Chancellor, said:

And to think, he makes all his money by selling my personal details and making me look at adverts. Man I wish I had come up with that Idea, I probably wouldn't have abused the power either...

mattfrompa mattfrompa said:

I probably would have if I'm being honest...lol

Guest said:

You cant make that kind of money by being honest.

tengeta tengeta said:

You can when theres 200+ million people that use your site for 4+ hours a day

anguis said:

with the advertisement power facebook holds in its hands...it could literally enter any field and become successful. imagine if facebook created a steam-like gaming network. it would instantly be huge.

Leeky Leeky said:

You can when theres 200+ million people that use your site for 4+ hours a day

I believe the actual userbase is now double that figure though!

tonylukac said:

Ironic Facebook had 2 outages, one yesterday and one today. Both unrelated.

Leeky Leeky said:

Ironic Facebook had 2 outages, one yesterday and one today. Both unrelated.

They were systemwide updates. I can't stand Facebook, but in fairness to them it was maintenance.

Guest said:

@tengeta the majority of heavy Facebook users are narcissists and people with low esteem.

http://www.theglobeandmail.com/news/technology/personal-tech
facebook-a-big-hit-with-narcissists-study/article1698694/

Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.