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Facebook's Mark Zuckerberg joins Bill Gates and Jeff Bezos in the 'Centibillionaire Club'

·1-min read

Mark Zuckerberg has seen his personal wealth hit $100bn (£76bn), 16 years after he co-founded Facebook from his university dorm room.

<p>He joins Amazon's Jeff Bezos and Microsoft's Bill Gates in the "Centibillionaire Club".</p><p>The latest boost to Zuckerberg's wealth came after Facebook launched a new short-form video feature on Wednesday.</p><p>Instagram Reels is a rival to Chinese app TikTok and it prompted Facebook shares to jump more than 6% on Thursday, having risen by almost 30% this year.</p><p>Mr Zuckerberg owns 13% of Facebook and the social media platform owns Instagram.</p><p>The 36-year-old's personal wealth has gained about $22bn (£16.8bn) this year, while Mr Bezos's has grown by more than $75bn (£57bn), according to Bloomberg.</p><p>The news comes after US President Donald Trump <strong><a href="https://news.sky.com/story/tiktok-trump-issues-order-for-us-ban-in-45-days-12044080" target="_blank">signed an executive order</a></strong> banning US transactions with ByteDance, the Chinese company that owns the video-sharing app TikTok.</p><p>The order, which will come into effect in 45 days, comes after his administration warned it was stepping up efforts to purge "untrusted" Chinese apps.</p><p>Tencent, which owns the WeChat app, is being targeted with similar measures.</p><p>Meanwhile, Facebook told employees on Thursday that they could work from home until July next year due to the <strong><a href="https://news.sky.com/topic/coronavirus-8483" target="_blank">coronavirus</a></strong> pandemic.</p><p>They will also be given $1,000 (£764) for home office needs.</p><p>Twitter and Google have made similar promises to employees in recent weeks.</p>

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