Mark Zuckerberg

Net Worth

$119,200,000,000

Born in (City)

New York

Born in (Country)

United States

Date of Birth

14th December, 1984

Date of Death

Mother

Karen Kemper

Father

Edward Zuckerberg

Children

Maxima Chan Zuckerberg
August Chan Zuckerberg

About

Mark Zuckerberg is an American media head honcho, web business visionary, and giver. He is known for helping to establish Facebook, Inc. what’s more, fills in as its administrator, CEO, and controlling investor. He likewise is a prime supporter of the sunlight based sail rocket improvement venture Breakthrough Starshot and fills in as one of its board individuals Zuckerberg was born on May 14, 1984, in White Plains, New York. His folks are Karen (née Kempner), a therapist, and Edward Zuckerberg, a dental specialist. He and his three sisters, Randi, Donna, and Arielle, were raised in Dobbs Ferry, New York, a little Westchester County town around 21 miles north of Midtown Manhattan. Zuckerberg was brought up in a Reform Jewish family unit, and his precursors hailed from Germany, Austria, and Poland. He had a Star Wars-themed Jewish right of passage when he turned 13.

Early Life

At Ardsley High School, Zuckerberg exceeded expectations in classes. Following two years, he moved to the non-public school Phillips Exeter Academy, where he won prizes in science, space science, material science, and traditional investigations. In his childhood, he likewise went to the Johns Hopkins Center for Talented Youth day camp. On his school application, Zuckerberg expressed that he could peruse and compose French, Hebrew, Latin, and old Greek. He was chief of the fencing crew. On February 4, 2004, Zuckerberg propelled Facebook from his Harvard quarters room. A prior motivation for Facebook may have originated from Phillips Exeter Academy, the private academy from which Zuckerberg graduated in 2002. It distributed its own understudy registry, "The Photo Address Book", which understudies alluded to as "The Facebook". Such photograph catalogs were a significant piece of the understudy's social involvement with numerous tuition-based schools. With them, understudies had the option to list qualities, for example, their class years, their companions, and their phone numbers. Once at school, Zuckerberg’s Facebook begun as only a "Harvard thing" until Zuckerberg chose to spread it to different schools, enrolling the assistance of flatmate Dustin Moskovitz. They started with Columbia University, New York University, Stanford, Dartmouth, Cornell, University of Pennsylvania, Brown, and Yale. Samyr Laine, a triple jumper speaking to Haiti at the 2012 Summer Olympics, imparted a space to Zuckerberg during Facebook’s establishing. "Imprint was obviously on to incredible things," said Laine, who was Facebook’s fourteenth client.

Road to Success

Zuckerberg, Moskovitz, and a few companions moved to Palo Alto, California in Silicon Valley where they rented a little house that filled in as an office. Over the late spring, Zuckerberg met Peter Thiel, who put resources into the organization. They got their first office in mid-2004. As indicated by Zuckerberg, the gathering intended to come back to Harvard, however in the long run chose to stay in California. They had just turned down proposals by significant organizations to purchase the organization. In a meeting in 2007, Zuckerberg clarified his thinking: "It’s not a direct result of the measure of cash. For me and my associates, the most significant thing is that we make an open data stream for individuals. Having media organizations claimed by aggregates is simply not an appealing plan to me. On October 1, 2012, Zuckerberg visited Russian Prime Minister Dmitry Medvedev in Moscow to animate online networking development in Russia and to support Facebook’s situation in the Russian market. Russia’s interchanges serve tweeted that Prime Minister Dmitry Medvedev encouraged the web-based social networking monster’s originator to relinquish plans to bait away Russian software engineers and rather consider opening an examination place in Moscow. In 2012, Facebook had about 9 million clients in Russia, while household clone VK had around 34 million. Rebecca Van Dyck, Facebook’s head of buyer showcasing, asserted that 85 million American Facebook clients were presented to the main day of the Home limited time battle on April 6, 2013.

Challenges

Talking about CEOs our minds jump to the names of Steve Jobs or Bill Gates. They co-founded their companies at the age of 20. Both were unusual. It was until late that he got real respect and recognition from the world. Even in the beginning phase when Mark Zuckerberg was a college student, he faced a lot of criticism for getting the blame for having stolen the idea of Harvardconnectins.com and building a competing product. The Twins from Mark’s senior year claimed that Mark sabotaged their project and betrayed them. Mark Zuckerberg confronted yet another challenge when Ben Mezrich wrote his far-famed book, ‘The Accidental Billionaires’, which was launched in 2009. Mezrich became intensely infamous for his book telling Zuckerberg’s story, obviously with some acumen and garnish on the true one. ‘A writer’s mind is pretty imaginative, you see.’ One of the biggest problems Mark Zuckerberg faced was how to attract investors and bring money to the company. The problem of funding is one such issue that Mark Zuckerberg overcame by running a few advertisements on its website initially. In 2004 when there wasn’t any outside funding available, Mark put his own money into his business. It was a challenge for Mark Zuckerberg to find potential lead investors and it was required that Facebook must reach 1.5 million users by the end of 2004 in order to get the first angel Investment which they narrowly missed but the loan was still allowed to them.

Failures

Probably the most important failure of pre-Facebook time was related to the three Harvard students who filed a lawsuit in 2004, accusing Zuckerberg! They claimed that Zuckerberg intentionally made them believe that they are going to build a social network TOGETHER called Harvard network(or ConnectU)! Facebook finally had to pay around 20$ million fine, in cash, and 1.2 million common shares to close the case! I would say that BEFORE launching the platform, Zuckerberg and his team also did not think thoroughly about how third-party applications connected to it, how the platform guarantees the users' data usage, and also about how it wants to address the fake news! There was a scandal, called the Facebook-Cambridge Analytica data scandal. It happened between the years 2013–2018! A third-party application called “This is your digital life” collected data of around 87 million people and then used it for the presidential campaigns of Donald Trump and the Brexit Referendum! In 2018, Zuckerberg publicly apologized for Facebooks’ mistakes over this scandal and promised that they are going to change the way Facebook shares data with third-party applications!

Achievements

Axel Springer Award

Quotes

I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.
The basis of our partnership strategy and our partnership approach: We build the social technology. They provide the music.