5 Billionaires Behind Facebook


Billionaires Behind Facebook

Facebook has revolutionized social media. Founded in a Harvard dorm room in 2004, eight years later Facebook has around 901 million active users, 526 million daily users, is available in over 70 languages and about 300 million photos are uploaded to the site each day, according to Facebook.com. As a result, Facebook has transformed into an advertiser's dream and a real money-making machine. Facebook's SEC filings indicate, in 2011, Facebook's net income was roughly $1 billion on revenue of over $3.7 billion dollars. Yahoo!, which was founded in 1994, also had net income of just over $1 billion dollars in 2011 with revenues close to $5 billion. As a result of the social media giant's success, Facebook has turned many into some of the wealthiest individuals on earth. Here are a few of the billion-dollar faces behind Facebook.

Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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