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Forbes: Zuck Already Richer Than Jobs

  • Forbes, Thursday, September 23, 2010 11:07 AM
Just 5 years after dropping out of Harvard to found Facebook, Mark Zuckerberg is worth more than Steve Jobs, Forbes reports. At the tender age of 26, Zuckerberg's fortune is now estimated to be $6.9 billion -- and Facebook hasn't even gone public! How is that possible? "Recent private equity investments in Facebook valued the firm at around $23 billion -- more than triple its 2009 value of $7 billion," reports Fortune's Money Talks blog. Zuckerberg is now #35 on the Forbes 400 list of wealthiest Americans. At # 42, Apple's Jobs has a net worth of $6.1 billion. Unlike Bill Gates -- still the wealthiest American, according to Forbes -- Zuck isn't waiting until the twilight of his professional career to begin giving away his fortune.

At the end of the week, Zuck's expected to announce a donation of up to $100 million to the Newark schools this week, reports The Wall Street Journal. The media mogul is setting up a foundation with $100 million of Facebook's "closely held stock" to be used to improve education in America, "with the primary goal of helping Newark," The Journal reports.

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