The richer, Zuckerberg is now a “centibillionaire” equal to Bill Gates

KOMPAS.com – For the first time ever, value wealth CEO Facebook, Mark Zuckerberg exceeding 100 billion US dollars (around Rp. 1,460 trillion). As a result, Zuckerberg officially holds the title as centibillionaire, along with Jeff Bezos and Bill Gates.

For your information, centibillionaireis a term for people whose wealth is more than 100 billion US dollars.

Jeff Bezos is still in the first rank of the richest people in the technology industry with a net worth of US $ 113 billion or around Rp. 1,834 trillion. Bill Gates is in second place with a fortune of 98 billion US dollars (Rp.1,600 trillion).

Even though 2020 is not yet even, Zuckerberg’s wealth has increased by 22 billion US dollars (Rp 323 trillion). Most of the 36-year-old’s wealth is known to come from 13 percent of Facebook shares.

Also read: Apple, Facebook, and TikTok Subject to 10 Percent VAT Starting September 1

According to the Bloomberg Billionaires Index, the soaring wealth of Zuckerberg has always been influenced by the increase in share value experienced by Facebook.

The value of the shares of the company from Monte Carlo, California, USA skyrocketed shortly after the launch of Instagram Reels, a video feature that was predicted as a competitor to TikTok.

Reels itself is not an application, but a new feature embedded in the Instagram Camera.

With Reels, users can create short 15-second videos accompanied by various music, effects, and video speed levels directly from the camera feature in the Instagram application.

Although similar to TikTok, Instagram Product Director Robby Stein claims that Reels is different from the app made by ByteDance.

He admits that TikTok is the first pioneering application to popularize short video content.

Also read: Instagram Reels Officially Launched in 50 Countries, Ready to Compete with TikTok

“In my opinion, TikTok deserves to be appreciated because it has popularized the short video format. But in the end, no two products are exactly the same, nor are our products (different),” Robby was quoted as saying KompasTekno from The Verge, Sunday (9/8/2020).

Currently, Instagram Reels itself has been launched in stages. There are around 50 countries that have been able to taste this new feature.

The countries consist of the United States, England, Japan, Australia, India, and several other countries.

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