Facebook Founder Is World Youngest Billionaire

Mark Zuckerberg, the 23 years old founder of social networking site Facebook, is the youngest ever self made billionaire according to an annual list published by Forbes magazine.

The magazine put the former Harvard student's personal wealth at US$1.5bil, based on what it said was a conservative valuation of US$5bil for Facebook and Zuckerberg's estimated 30% stake. It played down speculation that the site could be worth as much as US$15bil which was based on Microsoft paying US$240mil for a 1.6% stake in the company last year. Impressive!