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  • The life and biography of Mark Zuckerberg, one of the world's youngest billionaires.

  • Synopsis. Born on May 14, 1984, in White Plains, New

  • York, Mark Zuckerberg co-founded the social-networking website Facebook out of his college dorm room.

  • He left Harvard after his sophomore year to concentrate on the site, the user base of

  • which has grown to more than 250 million people, making Zuckerberg a billionaire. The birth

  • of Facebook was recently portrayed in the film The Social Network.

  • Early Life.

  • Mark Elliot Zuckerberg was born on May 14, 1984, in White Plains, New York, into a comfortable,

  • well-educated family, and raised in the nearby village of Dobbs Ferry. His father, Edward

  • Zuckerberg, ran a dental practice attached to the family's home. His mother, Karen, worked

  • as a psychiatrist before the birth of the couple's four childrenMark, Randi, Donna

  • and Arielle.

  • Zuckerberg developed an interest in computers at an early age; when he was about 12, he

  • used Atari BASIC to create a messaging program he named "Zucknet." His father used the program

  • in his dental office, so that the receptionist could inform him of a new patient without

  • yelling across the room. The family also used Zucknet to communicate within the house. Together

  • with his friends, he also created computer games just for fun. "I had a bunch of friends

  • who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it."

  • To keep up with Mark's burgeoning interest in computers, his parents hired private computer

  • tutor David Newman to come to the house once a week and work with Mark. Newman later told

  • reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses

  • at nearby Mercy College around this same time.

  • Zuckerberg later studied at Phillips Exeter Academy, an exclusive preparatory school in

  • New Hampshire. There he showed talent in fencing, becoming the captain of the school's team.

  • He also excelled in literature, earning a diploma in classics. Yet Zuckerberg remained

  • fascinated by computers, and continued to work on developing new programs. While still

  • in high school, he created an early version of the music software Pandora, which he called

  • Synapse. Several companiesincluding AOL and Microsoftexpressed an interest in buying

  • the software, and hiring the teenager before graduation. He declined the offers.

  • Time at Harvard.

  • After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. By his sophomore

  • year at the ivy league institution, he had developed a reputation as the go-to software

  • developer on campus. It was at that time that he built a program called CourseMatch, which

  • helped students choose their classes based on the course selections of other users. He

  • also invented Facemash, which compared the pictures of two students on campus and allowed

  • users to vote on which one was more attractive. The program became wildly popular, but was

  • later shut down by the school administration after it was deemed inappropriate.

  • Based on the buzz of his previous projects, three of his fellow studentsDivya Narendra,

  • and twins Cameron and Tyler Winklevosssought him out to work on an idea for a social networking

  • site they called Harvard Connection. This site was designed to use information from

  • Harvard's student networks in order to create a dating site for the Harvard elite. Zuckerberg

  • agreed to help with the project, but soon dropped out to work on his own social networking

  • site with friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin.

  • Zuckerberg and his friends created a site that allowed users to create their own profiles,

  • upload photos, and communicate with other users. The group ran the sitefirst called

  • The Facebookout of a dorm room at Harvard until June 2004. After his sophomore year,

  • Zuckerberg dropped out of college to devote himself to Facebook full time, moving the

  • company to Palo Alto, California. By the end of 2004, Facebook had 1 million users.

  • The Rise of Facebook.

  • In 2005, Zuckerberg's enterprise received a huge boost from the venture capital firm

  • Accel Partners. Accel invested $12.7 million into the network, which at the time was open

  • only to ivy league students. Zuckerberg's company then granted access to other colleges,

  • high school and international schools, pushing the site's membership to more than 5.5 million

  • users by December 2005. The site then began attracting the interest of other companies,

  • who wanted to advertize with the popular social hub. Not wanting to sell out, Zuckerberg turned

  • down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding

  • the site, opening up his project to outside developers and adding more features.

  • Zuckerberg seemed to be going nowhere but up, however in 2006, the business mogul faced

  • his first big hurdle. The creators of Harvard Connection claimed that Zuckerberg stole their

  • idea, and insisted the software developer needed to pay for their business losses. Zuckerberg

  • maintained that the ideas were based on two very different types of social networks but,

  • after lawyers searched Zuckerberg's records, incriminating Instant Messages revealed that

  • Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection

  • and offered Facebook users' private information to his friends.

  • Zuckerberg later apologized for the incriminating messages, saying he regretted them. "If you're

  • going to go on to build a service that is influential and that a lot of people rely

  • on, then you need to be mature, right?" he said in an interview with The New Yorker.

  • "I think I've grown and learned a lot."

  • Although an initial settlement of $65 million was reached between the two parties, the legal

  • dispute over the matter continued well into 2011, after Narendra and the Winklevosses

  • claimed they were misled in regards to the value of their stock.

  • Zuckerberg faced yet another personal challenge when the 2009 book The Accidental Billionaires,

  • by writer Ben Mezrich, hit stores. Mezrich was heavily criticized for his re-telling

  • of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional

  • characters. Regardless of how true-to-life the story was, Mezrich managed to sell the

  • rights of the tale to screenwriter Aaron Sorkin, and the critically acclaimed film The Social

  • Network received eight Academy Award nominations.

  • Zuckerberg objected strongly to the film's narrative, and later told a reporter at The

  • New Yorker that many of the details in the film were inaccurate. For example, Zuckerberg

  • has been dating longtime girlfriend Priscilla Chan, a Chinese-American medical student he

  • met at Harvard, since 2003. He also said he never had interest in joining any of the final

  • clubs. "It's interesting what stuff they focused on getting right; like, every single shirt

  • and fleece that I had in that movie is actually a shirt or fleece that I own," Zuckerberg

  • told a reporter at a start-up conference in 2010. "So there's all this stuff that they

  • got wrong and a bunch of random details that they got right."

  • Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named

  • him Person of the Year in 2010, and Vanity Fair placed him at the top of their New Establishment

  • list. Forbes also ranked Zuckerberg at No. 35—beating out Apple CEO Steve Jobson

  • its "400" list, estimating his net worth to be $6.9 billion.

  • Philanthropic Causes.

  • Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of

  • philanthropic causes. The most notable examples came in 2010. In September of that year, he

  • donated $100 million to save the failing Newark Public Schools system in New Jersey. Then,

  • in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent

  • of his wealth to charity over the course of his lifetime. Other Giving Pledge members

  • include Bill Gates, Warren Buffett and George Lucas. After his donation, Zuckerberg called

  • on other young, wealthy entrepreneurs to follow suit. "With a generation of younger folks

  • who have thrived on the success of their companies, there is a big opportunity for many of us

  • to give back earlier in our lifetime and see the impact of our philanthropic efforts,"

  • he said.

  • Going Public.

  • Zuckerberg made two major life changes in May 2012. Facebook had its initial public

  • offering, which raised $16 billion, making it the biggest internet IPO in history. How

  • Zuckerberg's company will handle this influx of cash remains to be seen. But Zuckerberg

  • may be looking at more acquisitions. He personally negotiated the company deal to buy Instragram

  • the previous month.

  • After the initial success of the IPO, the Facebook stock price dropped somewhat in the

  • early days of trading. But Zuckerberg is expected to weather any ups and downs in his company's

  • market performance. He holds more than a quarter of its stock and retains 57 percent control

  • of the voting shares.

  • On May 19, 2012—a day after the IPOZuckerberg wed his longtime girlfriend, Priscilla Chan.

  • About 100 people gathered at the couple's Palo Alto, California home. The guests thought

  • they were there to celebrate Chan's graduation from medical school, but instead they witnessed

  • Zuckerberg and Chan exchange vows.

  • In May 2013, Facebook made the Fortune 500 list for the first timemaking Zuckerberg,

  • at the age of 28, the youngest CEO on the list.

  • Zuckerberg is the creator of the famous Social network Facebook, we present to you his career

  • and his life, how became Zuckerberg the most young wealth and famous in the world ! Thank

  • you for watching and do not forget , subscribe us for more videos.

The life and biography of Mark Zuckerberg, one of the world's youngest billionaires.

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