mark zuckerburg

mark zuckerburg

Mark Zuckerberg Named Time’s Person of the Year

The entrepreneur who created one of the most powerful social networking sites on the internet while still a student at Harvard University, has been named “Person of the Year” by Time magazine. Nearly half of all Americans have a Facebook account,  which according to the article “has merged with the social fabric of American life, and not just American but human life.”

Much attention has been focused on the billionaire in his twenties, from a film inspired by the creation of Facebook to the large charitable donations Mark Zuckerberg has contributed to education. The article not only examines the Facebook enterprise and the implications of the site, but also Zuckerberg’s personal biography.

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Mark Zuckerburg Gives $100 Million to Newark Schools

mark-zuckerberg

Update: December 9, 2010 Mark Zuckerburg pledged $100 million to the Newark Public Schools in New Jersey as a way to pledge his support to The Giving Pledge, a campaign led by Bill Gates and Warren Buffett.

The Giving Pledge encourages billionaires to donate half of their assets to charity either during their lifetime or at their death. A total of 57 billionaires have joined The Giving Pledge so far. Some of the newest ones are: Steve Case Co-founder of AOL, Carl Icahn, Michael Milken, Joe Mansueto Morningstar Chief Exec, Ted Forstmann and Nicolas Berggruen. Kudos to Facebook mogul and the other 56 billionaires on board so far, but according to Forbes magazine, the US boasts more than 400 billionaires. Where is everybody else?

If anyone questions how much Harvard dropout Mark Zuckerburg values education, you could answer with a nine-digit number. The Facebook founder will be donating $100 million to the struggling Newark school system. The official announcement is expected to be made on The Oprah Winfrey Show tomorrow. Newark Mayor Cory Booker and New Jersey Governor Chris Christie are also scheduled to be guests on the show.

Some critics have speculated that the donation is timed to divert attention away from the critical, although fictionalized, depiction of Zuckerburg in the soon-to-be-released film, The Social Network. Nonetheless, the charitable gift will unquestionably have a huge positive impact on Newark public schools. Zuckerburg has been named the 35th richest American by Forbes.

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Billionaire College Entrepreneurs Teach a Lesson for Success

facebookFacebook, Google, FedEx, Dell, and Microsoft are all companies conceived of by college students. Frederick Smith got the idea for FedEx while researching an economics paper whiles getting his bachelor’s of economic at Yale. Michael Dell began upgrading computers from his dorm room while studying pre-med at the University of Texas at Austin. Investopedia shares the key ingredients behind these success stories for the entrepreneurial-minded college student.

1. Fill a Need

What could you create that would make people’s lives simpler, easier or more enjoyable? This is a simple, but fundamental business premise. Mark Zuckerberg, perhaps the richest 26-year-old in the world, began with the simple desire to provide his fellow classmates at Harvard with a student directory that included photos, something that many colleges provide. He began by hacking into Harvard’s server to retrieve the images necessary, but soon got shut down by the administration. His next strategy evolved into the Facebook we know today, with user-submitted content.
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