Billionaires

Mark Pincus Net Worth

Published

10 months ago

June 11, 2023

Daniel Wanburg

Mark Pincus's Net Worth as of 2024
$1.19 Billion

Mark Jonathan Pincus was born on the 13th February 1966, in Chicago, Illinois USA, and is an internet entrepreneur best known to the world as the co-founder of Zynga, a company that develops social video games, such as FarmVille, FarmVille 2, Zynga Poker, CityVille and many other games. Apart from Zynga, Mark also started Tribe Networks, Support.com and Freeloader Inc.

Have you ever wondered how rich Mark Pincus is, as of late 2016? According to authoritative sources, it has been estimated that Mark`s net worth is as high as $1.2 billion, an amount earned through his successful career in the IT industry.

Mark Pincus Net Worth $1.19 Billion

Mark is the son of highly educated parents; his mother, Donna was an architect, while his father worked as public relations adviser to successful politicians and CEOs. Raised Jewish alongside his two sisters in Lincoln Park, a community area in North Side, Chicago, his parents divorced and both remarried; as a result he has three step-sisters and a step- brother. He went to the Francis W. Parker School until 12th grade, and after high school enrolled at the Warton School of the University of Pennsylvania, from which he received a Bachelor of Science degree in Economics, then Mark’s first job was with Lazard Freres & Co as a financial analyst, followed by a move to Hong Kong, working as a Vice-President for Asian Capital Partners for two years. Having established his net worth, He then enrolled at Harvard Business School, graduating with an MBA degree.

Mark then found a job as an associate for Bain & Co, but only for a year, after which he was hired as the manager of corporate development at the Tele-Communications Inc., which is now AT&T cable. Only a year later, Mark became a part of Columbia Capital, serving as the Vice- President and leading investments in new media and software startups based in Washington.

After gaining enough knowledge and money as well, Mark decided to venture out on his own, and founded Freeloader, Inc, which was after just seven months of successful operation, was sold to Individual Inc., for $38 million, considerably boosting Mark’s net worth.
Encouraged by the success of his first startup, Mark founded Support.com in 1997, and the company went public three years later, and changing the name to SupportSoft, Inc. in 2002. The next year came his third startup, Tribe.net, which was one of the earliest social networks. The software around which Tribe.net was built, Cisco Systems bought it out in 2007, and Mark used the profits to start Zynga Inc. the same year, alongside Eric Schiermeyer, Michael Luxton, Justin Waldron and Steve Schiettler.

Since then, Zynga has become one of the best social game developers, with such title as FarmVille, FarmVille 2, Zynga Poker, CityVille, CityVIlle 2, Mafia Wars, Empires & Aliens, Hanging with Friends, and many other titles, which successes only increased the worth of the company, and at the same time Mark`s net worth. He served as the CEO of Zynga from its inception until 2013, and again from April 2015 until March 2016. Most recently he was replaced by Frank Gibeau. He remains Chairman of the Board until present day.

Regarding his personal life, Mark has been married to Ali Gelb since 2008, and the couple has three children. Their current residence is in San Francisco.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Billionaires

Mark Zuckerberg Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!

So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.

Mark Zuckerberg Net Worth $56 Billion

Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.

Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.

Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.

Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.

In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.

Billionaires

Gautam Adani Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.