Facebook owner and founder Mark Zuckerberg is officially the world's youngest billionaire, according to a Forbes Magazine report on Thursday.
Zuckerberg, 23, started the social networking site while he was a student at Harvard University and now has a net worth of $1.5 billion, according to Forbes.
His fortune has him ranked 785th on Forbes Magazine’s annual list of the world’s richest billionaires.
“He is the youngest self-made billionaire in human history,” the magazine’s editor-in-chief Steve Forbes said.
Zuckerberg has recently made some key moves with Facebook that had a large effect on his net worth and the success of the social networking site.
Zuckerberg hired Sheryl Sandberg, who ran Google's AdWords and AdSense keyword advertising business, as his new Chief Operating Officer on Mar. 4.
Last year, Facebook hired former YouTube Chief Financial Officer Gideon Yu from Google to fill the same position. The company also brought in Chamath Palihapitiya, formerly of AOL and the Mayfield Fund, as Vice-President for Marketing.
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