Zuckerberg now worth more than $100bn

Facebook founder and CEO Mark Zuckerberg’s net worth surpassed $100 billion for the first time on Thursday after the company released its TikTok competitor, Reels.

Optimism in Facebook Inc. hit record levels following the release of the new Instagram feature which comes as TikTok faces a possible ban in the U.S. as the Trump administration cracks down on China.

Zuckerberg, 36, joins fellow tech colossi Jeff Besoz, founder and CEO of Amazon, and Bill Gates of Microsoft, as the only people in the world who currently have centibillionaire status (worth over $100bn), according to the Bloomberg Billionaires Index.

The CEO co-founded Facebook from his Harvard dorm room in 2004, and still owns a 13% stake in the company while holding the position of the company’s chairman and controlling shareholder.