Facebook founder Mark Zuckerberg’s net worth exceeded $ 100 billion for the first time. Shares of the company have risen sharply following the new feature reels introduced by Facebook Inc. in competition to TikTok. According to the Bloomberg Billionaires Index, 36-year-old Zuckerberg made his way into the ranks of tech giants Jeff Bezos and Bill Gates. Zuckerberg holds a 13 percent stake in Facebook and most of his wealth is tied to it.

Mark Zuckerberg, the founder of America’s largest technology company, has grown a lot this year. More people have come online because of the corona virus epidemic. Despite the slowdown in the US economy, Facebook’s wealth has registered a rapid growth. This year, Zuckerberg’s wealth has increased by $ 22 billion. On the other hand, the founder of Amazon, Jeff Bezos, has increased assets by $ 75 billion.

America’s five largest tech companies — Apple, Amazon, Alphabet, Facebook, and Microsoft Corp. — currently have a market capitalization of 30 percent of America’s GDP. Zuckerberg, who started Facebook in 2004 at Harvard University’s garage, says he plans to donate 99 percent of Facebook’s shares throughout his life.

Mukesh Ambani’s wealth in India has also increased by $ 22 billion this year. The report said that assets have increased significantly after veteran companies like Facebook and Silver Lake invested in Reliance Industries’ digital unit Jio. Mukesh Ambani currently has a net worth of $ 80.3 billion and is the fourth richest person in the world.