CEO
Steve Chen Net Worth
Steve Chen's Net Worth as of 2024
$350 Million
Steven Shih Chen was born on 18 August 1978, in Taipei, Taiwan, and as Steve Chen is well-known all over the world as an internet entrepreneur, particularly as a co-founder of the most popular video-sharing website called YouTube.
So just how rich is Steve Chen? It has been estimated by authoritative sources that the overall size of Steve Chen’s net worth is over $350 million dollars, as of mid-2016, gained from his association with YouTube and other internet companies.
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Steve Chen Net Worth $350 Million
Steve Chen moved to the United States with his family when he was fifteen years old. Steve eventually matriculated from Illinois Mathematics and Science Academy in Aurora, Illinois, and subsequently graduated from the University of Illinois at Urbana-Champaign in 2002 with a degree in computer science. Steve initially work at PayPal, the financial company, where he met his future partners Jawed Karim and Chad Hurley. He was also working at Facebook, but resigned to put all his efforts into YouTube. The video hosting service channel was launched in February 2005 by its three founders Jawed Karim, Chad Hurley and Steve Chen. The idea of the website rose after the friends wanted to share video files which were too big to send via e-mail, and YouTube gives the possibility to upload and watch various video files. ‘Me at the Zoo’ was the first uploaded video file on 23 April 2005 , which shows Karim at the zoo, which can still be viewed today. The popularity of the site grew rapidly – as of the data of 2006, uploads were totalling more than 65,000 files a day, and more than 100,000 files were being viewed daily.
Chen began as the Chief Technology Officer of YouTube, which added considerably to his net worth, however, this was to be considerably boosted in 2006, when Google bought the website for $1.65 billion, and Steve Chen’s net worth after this deal was that he received Google shares which a year later were worth more than $326 million. YouTube is the third most visited website on the internet.
In 2011, Chad Hurley, Vijay Karunamurthy and Steve Chen launched an internet company called AVOS Systems, Inc. This way Steve and his co-founders have increased their net worth. In the same year, Steve Chen was included on the list of 15 Asian Scientists To Watch by Asian Scientist Magazine – some would say perhaps a little late – which further helped increase his popularity.
What is more, in collaboration with one of the co-founders of YouTube, Chad Hurley, Steve Chen created another successful company, the video-sharing service named MixBit in 2013. Thus, these two companies have played a significant role when it comes to the accumulation of Steve’s net worth.
In his personal life, in 2009 Steve Chen married Park Ji-hyun, who now is named Jamie Chen – she held the position of Google Korea product marketing manager. Together, Steve and Jamie have a daughter and a son. Currently, Chen with his family currently resides in Tunbridge Wells, Kent, United Kingdom. The family supports the Asian Art Museum of San Francisco.
Billionaires
Mark Zuckerberg Net Worth
Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!
So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.
Mark Zuckerberg Net Worth $56 Billion
Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.
Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.
Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.
Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.
In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.
Billionaires
Frank Lowy Net Worth
Frank Lowy was born on the 22nd October 1930 in Fiľakovo, now Slovakia, of Jewish origin and is an Australian entrepreneur. Lowy founded and led the Australian retail company the Westfield Group. According to US Forbes Magazine, Lowy is one of the richest Australians, having been active in business since 1952. Lowy was also the president of the Football (soccer) Federation of Australia from 2003until 2015.
How much is the net worth of Frank Lowy? It has been estimated by authoritative sources that the overall size of his wealth is as much as $5.1 billion, as of the data presented in the middle of 2017 Westfield Corporation is the major source of Lowy net worth. It should be noted that Frank has been listed in Financial Review Rich List every year since 1983. In 2010, he became the richest person in Australia with the estimated net worth of A$5.04 billion at the time.
Frank Lowy Net Worth $5.1 Billion
To begin with, the boy was born in Slovakia, but lived in a ghetto in Hungary in the time of World War II. In 1946, he managed to escape and reached France, where he boarded a ship and wanted to reach Palestine, but was caught and detained by the British in a camp in Cyprus. However, he managed to serve in the Jewish paramilitary organization Golani Brigade, and participated in the Israeli – Arab War in 1948.
His family was based in Hungary and had a small business, and in 1952, Lowy joined them and they all migrated to Australia. In 1960, he founded the company which is currently entitled Westfield Corporation Limited, in Sydney, Australia, developing shopping centers which even operated in the US from 1977. The company continued to specialize in shopping centres, and the Westfield Group now owns and operates shopping centres in Australia, New Zealand, the UK and the US. All the shopping centres are advertised with the brand Westfield or Westfield Shoppingtown. Those have added significant sums to the overall size of Frank Lowy net worth.
From the beginning of the company until 2010, Lowy held the position of executive chairman of the Westfield Group; currently, he serves as the non – executive chairman. From 2008 to 2010, he and his company became the focus of a US tax investigation, after Swiss and Liechtenstein accounts were discovered – no wrong-doing was discovered.
Additionally, he served as the director of the Reserve Bank of Australia from 1995 to 2005. Significantly involved in the development of soccer in Australia, Lowy was the president of the Football Federation Australia from 2003 to 2015, succeeded by his son.
He was appointed a Companion of the Order of Australia in 2000, and in 2005, Lowy received the Woodrow Wilson Award for Corporate Citizenship. Several years later, the businessman was honoured with the Henni Friedlander Award, among a number of other awards and honours.
Finally, in the personal life of Frank Lowy, he is married to Shirley Lowy, who he met in 1951. They have three sons: Peter, Steven, and David who took over the lead of Westfield. Currently, Frank resides in Point Piper, Sydney, Australia. Since 2003, he is also owner of the mega-yacht Ilona. It is Lowy’s fourth yacht, and he has travelled around the world four times. However, the family is involved in philanthropy too, with a particular interest in cancer research and treatment.
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