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The richest of social media: Most come from Facebook

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The CEO of Facebook, Mark Zuckerberg, has a net worth of 97 billion dollars, a figure that makes him the richest entrepreneur in the world in the social media sector and one of the leading American Scroogers.

Its wealth clearly exceeds that held by colleagues from other social networks: the second place in the world ranking is occupied by Zhang Yiming, founder of the company ByteDance which developed TikTok, with 35.6 billion dollars. The data collected by Statista show the fortunes accumulated by the minds they have born and developed some of the most used platforms in the world.

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Looking at the numbers, the economic success achieved by the team that created Facebook immediately jumps to the eye. Among the top 5 positions, 3 are occupied by those who helped create the largest social network on the planet, which it had 2.7 billion active users in early 2021. Dustin Moskovitz gets the bronze medal, with a net worth of 17.8 billion, while Eduardo Saverin is in fifth place with 14.6 billion dollars. Both left the tech giant, starting new business ventures: the former co-founded Asana, an application that helps teams organize and manage their work; the second became a venture capitalist. Both, however, owe part of the wealth to the gains made from their valuable Facebook holdings, notes Forbes.

A dynamic that also applies to other innovators and entrepreneurs operating in the social media sector, whose assets have been conditioned by the activities of Facebook. Jeffrey Rothschild, who boasts a wealth of $ 3.7 billion (11th place), joined the tech giant’s development team in 2005, also becoming vice president of infrastructure software, Forbes recalls: The entrepreneur held more than 24 million shares when the social network debuted on Nasdaq in May 2012. Sean Parker, in 13th position with $ 2.7 billion, began informally advising the Facebook team when the company it was in its infancy, until he became president, as recalled by the New York Times.

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Indirect source of wealth
Facebook’s listing contributed to the growth of the social media giant and the heritage of those who worked there. But there are also entrepreneurs who got rich when their company was acquired by the behemoth of Mark Zuckerberg. This is the case of Kevin Systrom and Mike Krieger, founders of Instagram, who sold the image social network to Facebook in 2012 for a billion dollars. A considerable amount then, albeit already In 2018, a Bloomberg analysis believed that Instagram alone was worth a whopping $ 100 billion.

It got better at Jan Koum and Brian Acton, founders of WhatsApp, who sold the instant messaging service to Facebook in 2014 for $ 19 billion: today the former boasts a net worth of $ 9.9 billion and ranks ninth in the social network’s Scrooge rankings; the second has 2.6 billion dollars and is in the penultimate position.

In other words, Facebook has been a goldmine, but it’s not the only one: TikTok made ByteDance’s fortune, the Chinese company behind its development, and its boss and founder Zhang Yiming. The computer engineer, who recently has announced the decision to retire from the position of managing director, has amassed a net worth of 35.6 billion dollars and occupies the second step of the world rankings. The growth of the Chinese social network does not stop, also thanks to the pandemic that in 2020 pushed people to spend more time online due to the lockdowns and anti Covid restrictions: subscribers increased by 45% compared to the summer of last year and today the platform has over one billion monthly active users.

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The popularity of the Chinese social network is also expressed in the number of downloads: last May it reached 80 million new installations, becoming the most downloaded non-gaming application in the world at that time. Numbers that push some analysts to think that this growth trend will continue in 2022, to the point that the platform will take over all other social networks.


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