The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index. Zuckerberg’s fortune is largely derived from his 13% stake in Facebook.
The staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple Inc. Chief Executive Officer Tim Cook and Alphabet Inc. head Sundar Pichai testifying before Congress last month to defend allegations that their power and influence are out of control. U.S. Senator Bernie Sanders, meanwhile, plans to introduce legislation to tax what he called “obscene wealth gains” during the coronavirus crisis. The “Make Billionaires Pay Act” would tax 60% of the increase in the ultra-wealthy’s net worth from March 18 through the end of the year and use the revenue to cover out-of-pocket health-care expenses of all Americans.
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