Many of us tend to forget about the monopoly that Mark Zuckerberg holds over the majority of social media platforms. Alongside Facebook, which is likely going to go down in history as his greatest achievement, he also holds two of the other most popular social media apps out there.
So it's no wonder that Zuckerberg is raking it in. In 2019 alone, the business mogul got 27.3 billion dollars richer even despite all the controversies surrounding his name.
Keep scrolling to find out what his official net worth has no risen to...
Facebook is really the original social media giant.Founded in Cambridge, Massachusetts, in 2004, it is considered one of the Big Four media giants alongside Amazon, Apple, and Google.
For a long time, it dominated the internet.In the early '00s, pretty much everyone was a Facebook addict, spending hours writing on one another's walls and "poking" each other.
The founding of the platform has become something of a legend.The 2010 biographical drama movie, The Social Network, told the story of how the company was founded by Harvard student, Mark Zuckerberg. The movie starred Jesse Eisenberg, Andrew Garfield, Armie Hammer, and Justin Timberlake.
Over the years, Zuckerberg has proven himself to be a shrewd businessman.And one of the areas in which the Facebook empire has truly excelled in is through clever choices of acquisitions.
In April of 2012, Facebook acquired Instagram.The purchase cost one billion dollars and was one of the most expensive social media spends to date. But it's clear that it paid dividends, as Instagram has only grown in popularity since 2012.
And that wasn't their only smart buy.In 2014, Facebook acquired chat platform, WhatsApp, for a whopping nineteen billion dollars. Woah.
But there's something weird about this trio of platforms.For the most part, it seems as though most of us tend to forget that the three are even connected. At least until the server goes down and they all crash at once, that is.
In fact, the crashing of Instagram, WhatsApp, and Facebook has become something of a meme.When the three go down, it seems that the whole world flocks to Twitter to complain about not being able to access their other apps.
But, in recent years, Facebook has really gone downhill.What used to be a trendy app filled with college students and other young, cool people is now almost exclusively populated by older generations who can't quite get the hang of the internet.
Which has led to one thing.It seems that almost no one actually uses Facebook as a social networking platform anymore and tend to rely on other methods to communicate with their friends.
But while Facebook itself is one in decline ...Other social media platforms are getting more and more popular by the day. And these include Facebook-owned platforms, Instagram and Whatsapp.
And it's clear that this has been worrying Zuckerberg.Sure, he owns an absolute ton of tech companies. But Facebook will always be his baby, right?
So he decided to make a pretty weird move.
Facebook wants the world to know it owns Instagram and WhatsApp https://t.co/Pia4L5Ai2O https://t.co/Ty6XxkMf4J— Android Police (@Android Police)1564843808.0
Although some are concerned about his decision.Because it seems as though it may not be led by good sense, and, instead, is an emotional reaction by Zuckerberg to the decline of Facebook.
The renaming is pretty clunky.
Instagram and WhatsApp will add "from Facebook" to their names https://t.co/pKqMvVl3LI https://t.co/g5ZIBuGLWQ— The Verge (@The Verge)1564784246.0
Some suspect that there's a specific reason for the change.They believe that Facebook is hoping to utilize its sister companies, Instagram and Whatsapp, as a means of gaining some cool points.
But we're concerned about something.Adding "from Facebook" to these snappy and recognizably-named apps just seems to reflect the mistakes that Zuckerberg made when naming Facebook in the beginning - overcomplicating things.
However, it doesn't seem to have impacted him too much...
via: Getty ImagesFigures have shown that this year alone, Zuckerberg is now a whopping 27.3 million dollars richer than he was in 2018.
Despite all the controversies surrounding his name, he still raked in that pretty penny.
via: Getty ImagesEarlier in the year, Zuckerberg was grilled by congress about his involvement in the distribution of political advertisements across his social media platforms as well as other data sharing scandals.
And the hearing lasted five grueling hours.
via: Getty ImagesAnd we all watched the business mogul shake with fear as AOC took him through his wrong-doings.
In the end, he rounded up like this:
via: Getty Images"It was my mistake, and I’m sorry. I started Facebook, I run it, and I’m responsible for what happens here. It’s clear now that we didn’t do enough to prevent these tools from being used for harm. That goes for fake news, foreign interference in elections, and hate speech, as well as developers and data privacy."
But it didn't hit his profits too hard...
via: Getty ImagesZuckerberg now stands as the fifth richest person in the world, his net worth stands at 79.2 billion dollars.
He's got a lot of catching up to do if he wants to make it to the top spot though...
via: Getty ImagesBecause Jeff Bezos' net worth stands at 166 billion dollars...But that's probably pocket change to those men. Read on if you want to see what Zuckerberg's 100 million dollar property looks like.