Monday, May 5, 2008

facebook founder named " the world youngest self-made billionaire"

Mark Elliot Zuckerberg (born May 14, 1984) is an American entrepreneur. As a Harvard student he founded the online social networking website Facebook with the help of fellow Harvard student and computer science major Andrew McCollum as well as roommates Dustin Moskovitz and Chris Hughes. He now serves as Facebook's CEO. In 2008, Forbes Magazine named him as "the world's youngest self-made billionaire" with a theoretical net worth of US $1.5 billion, though the validity of this label has also been met with controversy.
Forbes mention
In March 2008, ranked Zuckerberg as #785 on its rich list, citing his net worth as $1.5 billion. The figure is based on a valuation of $5 billion, even though Microsoft's 1.6% $246 million investment is based on a valuation of $15 billion. Zuckerberg's worth is derived from his 30% stake in the company based on a value of $5 billion. Analysts have questioned Forbes, citing the illiquidity of Zuckerberg's wealth
Zuckerberg launched Facebook from his Harvard dorm room on February 4, 2004. It quickly became a success at Harvard and more than two-thirds of the school's students signed up in the first two weeks. Zuckerberg then decided to spread Facebook to other schools and enlisted the help of roommate Dustin Moskovitz. They first spread it to Stanford, Columbia and Yale and then to other Ivy League colleges and schools in the Boston area. By the beginning of the summer, Zuckerberg and Moskovitz had released Facebook at almost 30 schools.