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Facebook founder sees wealth hit $100bn after TikTok rival launch - BBC News
Aug 07, 2020 45 secs

Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature.

Technology bosses have been in the spotlight recently as the size and power of their companies and their personal fortunes continue to grow.

Mr Zuckerberg’s personal wealth has gained about $22bn this year, while Mr Bezos's has grown by more than $75bn, according to Bloomberg

The short-form video feature Reels, which is seen as a rival to the controversial Chinese-owned TikTok platform, works within the Facebook-owned Instagram photo-sharing app

The launch couldn’t have come at a better time for Mr Zuckerberg as late on Thursday Donald Trump issued an executive order to deal with what the US president called the "threat" of TikTok in the US

The five largest US tech companies, Apple, Amazon, Alphabet, Facebook, and Microsoft, currently have market valuations equivalent to about 30% of US gross domestic product (GDP)

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