The Facebook CEO Mark Zukerberg became a centbillionaire, someone who is worth at least $100 billion. He crossed the milestone after shares in the social network surged. Only two other men, Amazon 's Jeff Bezos and Microsoft 's Bill Gates, have bigger personal fortunes.

Zuckerberg co-founded Facebook from his Harvard dorm room in 2004, and his biggest asset is still his 13% stake in the company, according to the Bloomberg Billionaires index, which tracks the world's wealthiest people. The 36-year-old is also Facebook's chairman and controlling shareholder.

Zuckerberg's wealth got its latest bump as Facebook's stock climbed 6.5% Thursday, a day after the company launched its its Tik Tok clone Reels on Instagram. The release of the short video feature came just as US President Donald Trump threatened to ban TikTok, the Chinese-owned app that has exploded in popularity over the last year.

The founders of America's largest technology companies have enjoyed a mind-boggling accumulation of wealth this year as the conronavirus pandemic drives more people online, despite the US economy contracting at its fastest pace on record. Zuckerberg has gained about $22 billion this year, while Bezos is up more than $75 billion.

The staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple Inc. Chief Executive Officer Tim Cook and Alphabet Inc. head Sundar Pichai testifying before Congress last month to defend allegations that their power and influence are out of control.

The news comes after US President Donald Trump signed an executive order banning US transactions with ByteDance, the Chinese company that owns the video-sharing app TikTok.

Source- Sky News