Mark Zuckerberg – The Youngest Billionaire

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Mark Zuckerberg – The Youngest Billionaire

14 May | Source: Oswaal Books Editorial Board

Mark Zuckerberg, a name so common among everyone these days, is a success story like no other. He is the youngest billionaire on the planet by far. Started as a Harvard student, he is now the CEO of the biggest social media platform of all times.

Zuckerberg had developed an interest in computer programming at an early age. At the age of 12, he created a messaging program named Zucknet that he implemented as an inter-office communication system for his father’s dental practice.

He was considered one of the top students in his high school and this earned him admission to Harvard University, one of the country’s top colleges and a training ground for innovators in science and business. Many brainy people enter Harvard but when Mark started attending it, he quickly gained popularity as a software expert. By his second year, he had already built two programs: CourseMatch and FaceMash.

He was not even a graduate when he started the Facebook social networking website partnering with his friends Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. This website allowed Harvard students to make personal profiles and connect with each other. The site officially went live in June 2004 under the name "The Facebook”. Zuckerberg ran it out of his dorm room. He dropped out of college to pursue what was then called Facebook full-time. The website reached 1 million users by the end of 2004. It grew phenomenally, and within the next year, it was immediately scaled out to other colleges in the United States. Eventually, Facebook grew into a huge social networking platform which everyone could access. Worldwide there are over 2.20 billion monthly active Facebook users and this makes up a huge portion of the overall web traffic.

Mark is a firm believer in discipline and time management. The young CEO has introduced some life rules for better functioning and results.

Taking action is important                                                                                             

Zuckerberg is always up for taking risks, and often he had to backtrack on changes that did not work. But that did not affect his hunger for innovation. He believes: often, you don’t need to have each and every detail on point to take action on a decision. The result may not always be perfect, but at least you got started!

"The biggest risk is not taking any risk ... In a world that’s changing really quickly; the only strategy that is guaranteed to fail is not taking risks." 

Criticism is also important

Many people judge him and his created platform and throw unimaginable criticism, but, the young chap takes it straight to the face, just like a champ.

Effective time management

Zuckerberg wears the same outfit every day to save time choosing what to wear. He doesn’t waste time on decisions that are not important to him.

Great Philanthropist

Despite being a billionaire Zuckerberg is an incredibly down-to-earth person.  He wants the world to be a better place and for this, he has donated billions of dollars for the people in need.

These characteristics have made Mark Zuckerberg the 5th richest person in the world. He is undoubtedly a motivation for the coming generation of entrepreneurs.

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