Wondering about the net worth of Facebook? Check out Facebook’s net worth, important milestones, controversies and a lot more below.
Facebook has over 1.83 billion active users as per September 2021 stats, making this social media platform the largest and the most influential in the world today.
Users across the world bank on Facebook’s vast reach and ubiquity to connect with friends or promote their business.
Since its inception, the US based networking technology firm has grown in leaps and bounds.
How much is the net worth of Facebook?
Facebook’s current net worth is estimated at US$128.290 billion in November 2021. Facebook is now known as Meta and it’s CEO is Mark Zuckerburg.
During its forward journey, it has also swelled phenomenally by taking in some other popular apps and social networking sites like Instagram and WhatsApp. Facebook announced its IPO in May 2012.
Facebook Net Worth: Quick Summary
|Name of the brand|
|New brand name||Meta|
|Meta’s stock ticker||MVRS ( will be rolled out on December 1, 2021)|
|Year of founding||2004|
|Headquarters||Menlo Park, California|
|Founders||Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes|
|Net worth i||$128.290 billion|
|Revenue 2021 (Till Sept.30)||$84.258 billion|
|Profit 2021 (Till Sept.30)||$128.290 billion|
|Number of Employees||52,535 (as on June 30, 2020)|
|Brands under its umbrella||Facebook, Instagram, Messenger, WhatsApp, Oculus VR|
|No. of users||Over 900 million|
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Net Worth of Facebook
In the third quarter of 2021, Facebook net worth is a staggering $528.290 billion. The firm’s market cap is $911.054 billion, which is actually down from More than $1 trillion reported during last quarter.
With its huge net worth, Facebook finds a place among the tech companies that have attained the trillion dollar market cap including Apple, Microsoft, Amazon and Alphabet.
Facebook’s net worth given here is calculated from the firm’s financials that includes the balance sheets, profit and loss. This data is publicly available on the company’s official websites or on the investment related sites. In calculating the net worth of Facebook, its assets and liabilities are considered.
Facebook’s 2021 Q3 earnings stood at $ 29.57 billion falling short of its expectations. The daily active users’ number matched well with the target of 1.93 billion.
Nevertheless, the monthly active users of Facebook was around 2.91 billion, which fell a little short of the expected number of 2.93 billion as per analysts, wrote CNBC. Across all its apps, the firm reported a total number of 3.58 billion users, which is slightly up from the numbers noted during last quarter.
Despite the continuing tensions with Apple and the iOS challenges heavily weighing down on the brand’s user experience, Facebook could step up its ad revenue in Q3 by 35% compared with last year.
The company is now seen focusing more on augmented and virtual reality giving the industry a suggestion that in future, the firm will be looking beyond ad based revenues.
Four people including Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes together founded Facebook in 2004. While creating Facebook, they were still students at Harvard.
The movie titled “The Social network released in 2010 dramatically presents the story about the founding of Facebook also covering the split leading to the falling out of Saverin and Zuckerberg.
Today, Mark Zuckerberg is continuing with Facebook as its CEO and he is reported with a net worth of $117.2 billion. Renouncing his US citizenship, Saverin migrated to Singapore and is now heading a venture capital firm over there.
Moskovitz went forward and started a work organization platform known as Asana, which is today reported to have a market cap of $23.85 billion. Chris Hughes is rarely seen these days in the limelight as the information about his current projects is scarce.
Facebook’s CEO Mark Zuckerberg’s Net Worth
Facebook has a distinguished place among the biggest startups in history. Owing to the huge financial success tied with those of Facebook, Mark Zuckerberg has become the youngest billionaire among the top 100 richest persons.
Also, out of the top 30 richest people, he is the youngest by about a decade. The American technology entrepreneur has a net worth of $128 billion, which makes him the fifth richest person in the world according to Bloomberg’s Billionaire index.
Mark Zuckerberg’s main source of wealth is his shares in Facebook. He owns over 12 million class A shares of the firm and in the B class, he owns around 365 million shares, which is about 81% of the shares in this class. The total shares he owns in Facebook is over 400 million. This makes him own 53% of the voting rights in the firm.
As he too controls the class B voting rights of co-founder Dustin Moskovitz, his total voting power in the firm is 58%. In August 2000, Mark Zuckerberg’s net worth crossed $100 billion for the first time. Zuckerberg has pledged to give away 99% of his wealth to philanthropy over his lifetime.
Facebook CEO Mark Zuckerberg sold his 30.2 million shares and the move netted him above $1.057 billion. After this, he still owned more than 500 million other shares which he was not inclined to sell. This gave him a net worth of $16 billion.
Zuckerberg owns some massive real estate properties. Around the US, he owns a personal estate of $200 million. He paid $43 million to own four homes adjacent to his Palo Alto property. He too has invested $145 million to acquire a Hawaiian Island property of 840 acres in Kauai.
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Top institutional shareholders in Facebook
|Institution’s Name||Percentage of stocks owned|
|Vanguard Group, Inc.||7.71|
|State Street Corporation||3.90|
|Capital International Investors||2.06|
|Capital World Investors||1.95|
|Capital Research Global Investors||1.66|
|Geode Capital Management, LLC.||1.64|
|Norges Bank Investment Management||1.24|
Facebook’s Important Milestones
In 2004, Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes, then the students at Harvard University together introduced Facebook, moved by their zeal to do something new. In this venture, their initial investment was $1,000 each. Mark Zuckerberg launched it and till date he holds majority of its shares.
Persons above the age of 13 with a valid email id were allowed to use it. The best strategies the management used to showcase this platform became vital for its success. Initially it was only a platform to message and connect with others. Eventually it evolved to provide a resourceful place to live in.
What was only limited to Harvard University eventually moved through other universities and became global in 2006. Since Facebook lacked the investment it needed during those early days, Mark Zuckerberg shifted it to Palo Alto in California. Attracted by Facebook’s innovative and successful concept, PayPal invested around $12.7 million in it.
During subsequent developments, Microsoft purchased 1.6% of its shares thereby increasing its value to $15 billion. Microsoft has its license to advertise its products on Facebook.
With its active users crossing 1 billion, Facebook today boasts of the highest number of users than any other social media platform. Between 2008 and 2012, Facebook users swelled from 100 million to 500 million. A lot of businesses jumped into promoting their ventures on Facebook.
Facebook is constantly innovating to grow and meet the evolving needs of its community. It took in some other popular apps and social media networks like Facebook, Instagram, Messenger, WhatsApp, Oculus VR. Facebook too has plans to launch its own cryptocurrency. It is also doing an elaborate research into augmented reality and artificial intelligence to improve itself more and more.
Controversies And The Birth Of A New Entity
Over recent developments, investigations hovered on Facebook after a whistleblower alleged that the firm was compromising with the users’ safety for the sake of profits. In support of his accusations, the whistle blower also leaked out a collection of documents to The Wall Street Journal.
The journal in turn reported that the company was knowingly promoting harmful content on Facebook and Instagram. The charges were backed by research based evidence and employee testimonials.
While announcing its fourth quarter earnings, Facebook said the leak had resulted in government investigations. Mark Zuckerberg, the Facebook CEO, strongly denied the charges as baseless.
Meanwhile, the brand is now in the phase of transitioning from Facebook to a new entity that will be called Meta. The new entity will combine the firm’s technology and apps under one brand name aiming to focus on getting metaverse to a renewed existence.
Meta will be characterized by two operating segments namely family of Apps and Reality Labs. The former will manage all of the brand’s apps while the latter will manage the aspects like the virtual reality hardware, content and software. Meta’s new stock ticket will be rolled out under the label MVRS on December 1, 2021.
Facebook Responding To Charges
For quite long, Facebook has been landing on controversies especially on account of its care-free attitude to what individual and business users post on its site. When this discussion came to the boiling point, Facebook decided to remove all the hate speech and unauthentic information from its site.
In reacting to the wide spread misinformation and fake new allegations about the company, Facebook introduced some changes to its algorithms and policies. During the wake of the attack targeting the U.S. Capitol in 2020, Facebook even went to the extent of suspending then President Donald Trump’s account.
For overseeing the company’s policy on such issues, Facebook created a new post known as VP of Civil Rights.
Facebook’s Battle with Apple
Facebook is in one battle with Apple on privacy issues. The firm is also finding it difficult to come to terms with the recent trend where the consumers want to exercise their choice over the dissemination of information to third parties.
Apple’s latest changes to the OS have made it difficult for Facebook to customise its advertisements, which adversely affected the revenues and earnings of the firm. Nevertheless, Facebook’s shares gained significantly on October 25 following the company’s announcements that the earnings for the third quarter outperformed the expectations.