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27 years old, net worth $28 billion
by Dr. Jeffrey Lant
Author's program note. I doubt that the subject of today's article is familiar with the celebrated English novelist E.M. Forster, but he ought to be. Foster's famous aphorism "Only connect" is the basis for what is already one of the greatest fortunes in the history of the world. Only connect... and the world is your oyster, all the oysters and all the pearls within them, too.
For what is the secret to the vast Zuckerberg fortune but an understanding that people need people, crave connection with them, need togetherness and a place to hang out. And so today I have selected as the incidental music for this article, the song made famous by Barbra Streisand (1964), "People", composed by Jule Styne; lyrics by Bob Merrill.
Go now to any search engine and listen to that soaring Streisand sound. Forster got it... Streisand got it... and now Zuckerberg has enabled everyone in the world to get it, for no one more than he, in the entire history of mankind, has connected more people than he has, as effortlessly as he has. And that is both good and not good... as we shall see.
Meet Mark Zuckerberg.
Whether you are familiar with Mark Zuckerberg depends to a considerable extent on your age and Internet savvy. The greater the one, the less the other, the more this soon to be iconic name will be unknown... and that, of course, means you're the oldest of fogies... and must instantly make amends. I intend to make that very easy for you.
Zuckerberg was born on May 14, 1984 in a "Leave It to Beaver" town with the quintessential name of Dobbs Ferry, New York. His life consisted of the very best and most appealing of what suburban life in the Great Republic offers; his father a dentist, his mother (before the birth of her four children), a psychiatrist. His was a loving, close-knit family that valued the most important thing of all: education, and made sure Mark got the best.
He was a prodigy from his earliest days; spurred on by his parents, who supplied tutorial assistance for this gifted boy, who seemed to know from conception that computers were his destiny, as they were for the world. He was sent to one of the Great Republic's most celebrated prep schools, Phillips Exeter Academy, where he captained the school's fencing team. Then, like so many of his gifted classmates, he made the expected move to Harvard... There in his now famous dorm room, right across the street from where I am writing, he began the steps that would not only make him one of history's wealthiest people... Croesus and Midas being pikers by comparison... but a social innovator of literally cosmic significance.
But all that is hindsight. At Harvard, Zuckerberg with his boyish grin that won't quit, danced administrators a merry measure. Harvard is famous for dealing with exceptional students; they are there, after all, precisely because they are exceptional... and, as often, difficult... as they try the patience of lesser deans charged with riding genius with a deft hand... and a recognition that these students will in due course rule the Great Republic and many other nations, its businesses and nonprofit organizations of every kind, and one tech enterprise after another. Future success -- and generous donations to Harvard -- must never be forgotten... and never are.
Zuckerberg, hacking meister.
Harvard was, of course, familiar with young men of technical brilliance for whom The World's Greatest University, though undoubtedly an honor, moved just too slow. Quick, can you say Bill Gates?
Zuckerberg was impatient with things others deemed appropriate and suitable for him; a common Harvard malady. He had a sense, growing clearer by the day, of what he wanted, and it wasn't writing term papers on recherche' subjects minutes before they were due.
No, he wanted a career on the Internet, something his young generation "got" which was (and to a considerable extent still is) terra incognita to its woefully clueless parents. Not to put too fine a point on it, he spent his time at Harvard inventing what every red- blooded boy wants: a simple, effortless, infallible way to pick up chicks (and their hunky male equivalents.) And there was the Internet, universal, revolutionary, exhilarating right before him.... How could this force be put to work assisting the massive energies of "the urge to merge," the most powerful drive in the lives of everyone on this planet, especially adolescents pulsating with untrammeled desire...
Mark, a recognized "go-to" guy at Harvard for solving computer problems, first invented something scholastically useful: "CourseMatch" which gave students absolutely candid (and hence often abashing to instructors) reviews of all courses and professors. It was an instant, irreverent hit...
Then, he invented Facemash, which matched pictures of two students, asking teen-aged connoisseurs to deliver comments on the various merits (and demerits) of each. Needless to say, comments were often rude, crude, hurtful... and funny. Harvard stepped in and killed this enterprise as "inappropriate". And chastised Zuckerberg, who, to get the personal information Facemash required, hacked into protected areas of Harvard's sensitive and strictly private computer network. Its popularity was undoubted -- 22,000 photo-views in its first four hours alone. But what was equally undoubted was Zuckerberg's blatant disregard of privacy and misuse of other people's data, issues which will always be part and parcel of his business life and fortune.
Facebook.
In February, 2004 Zuckerberg launched "Thefacebook" at www.thefacebook.com All hell broke loose amongst Zuckerberg's classmates -- Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra -- who complained he was using their ideas. They sued, got a settlement and for the rest of their lives -- no matter how successful they may well be -- will always be overshadowed by Zuckerberg, and no matter how many bucks they settled for... It Will Never Be Enough. Just as the hapless owner of the domain name facebook.com probably says, getting a mere $200,000 for a name that is now worth untold riches. But it is in the nature of entrepreneurs to see things others don't and reap an avalanche of benefits as a result... and, why not? For after all they shouldered all the risks which are real enough and daunting.
Young, richer than rich, the apple of Wall Street's eye.
Mark Zuckerberg is now not merely a role model to every young techie just out of rompers, but a titan amongst plutocrats, whom he can now buy and sell. He is said to be quiet, unassuming, polite, never flaunting his fabulous wealth. But his may be the technical equivalent of "The Portrait of Dorian Gray." We shall just have to wait and see.
As for Zuckerberg, he should be reminded of the aphorism by Satchel Paige, "Don't look back. Something may be gaining on you." Because you can bet on it, Zuckerberg and the wealth of Facebook with over 800,000,000 members, one-third of all the Internet's ad revenues, and a mailing list worth billions and billions more, is now the target...
With the Initial Public Offering for Facebook stock coming very soon, this month, Zuckerberg has other things on his mind, like what's a young man, just 27 years old, to do with 28 billion dollars, give or take a buck? There aren't enough things on our tired old planet to purchase... as he'll soon find out.
But while he's wondering how many zeroes there are in all those billions, he should never stop focusing on how to improve his corporate baby, for he must tend its cornucopia of information with strict regards for privacy, and he has a bad record here. He must root out the millions of underaged users (13 being the threshold) and urge them, with all due respect, to do more with their lives then develop oversized posteriors clicking computer keys.
He must urge all members to tell the truth (to be barred if they do not), for the "Veritas" (truth) he learned at Harvard is in lamentable short supply online, with Facebook members amongst the worst offenders.... Finally, he must work assiduously with all law enforcement personnel for Facebook is a haven for every human vice and malefactor on Earth. Use some of your mind-boggling fortune to preserve what is best about Facebook where happy serendipity is a constant occurrence and must remain so.
** We invite you to post your comments to this article below.
About the Author
Harvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., providing a wide range of online services for small and-home based businesses. Services include home business training, affiliate marketing training, earn-at-home programs, traffic tools, advertising, webcasting, hosting, design, WordPress Blogs and more. Find out why Worldprofit is considered the # 1 online Home Business Training program by getting a free Associate Membership today. Republished with author's permission by Lawrence Rinke http://ActionEqualsProfit.com. Check out Commission Breakthrough -> http://www.ActionEqualsProfit.com/?rd=mh2QSx0t
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