10 Amazing Facts about Instagram’s Owner

Founded in 2010, Instagram has emerged to be one of the largest social media platforms in the world. The video and photo-sharing platform was founded by Mike Krieger and Kevin Systrom. They later sold the social platform to Facebook for 1 billion dollars in 2012.

Today, Instagram has emerged to be one of the most powerful social media platforms in the Internet space. With an estimated 1.393 billion active Instagram users, Instagram is ranked among the fastest-growing social media platforms in the social space.

While Instagram aimed to feature photos taken through Apple Mobile devices, it has expanded operations to run on all standard devices.This means whether you have an android phone or Apple devices, you can easily access the application.

After  Mark  Zuckerberg bought  Instagram from the founder’s Mike  Krieger and  Kevin Systrom, he managed to transform it into one of the most powerful social platforms on the planet. Aside from acquiring multiple platforms, Mark Zuckerberg is a philanthropist who has gone out of his way in supporting charity causes.

Today Instagram has ballooned into one of the most sought social media platforms on earth thanks to Zuckerberg’s leadership. Besides being one of the most influential social media gurus on earth, Zuckerberg’s tech expertise has propelled him to the top of the game in the social networking industry.

Many brands can now easily market their products and services thanks to Instagram and Facebook advertising and marketing features.Infact if you are not using Facebook or Instagram, you are missing out on something important.

Therefore if you are not on Instagram, you may be missing out on the latest and greatest trends in the social space. In this article, we explore some key facts you need to know about Instagram’s owner.

10 Amazing Facts about Instagram’s Owner

1. How It Started

Instagram Founders Mike Krieger and Kevin Systrom first developed the platform as a check-in app. Once they realized that the functionality was similar to Foursquare, they repurposed the app to focus on photo sharing which had gained popularity among its users. Today,the social platform has become one of the most sought social media platforms among users.

Prior to founding Instagram, Instagram’s co-founder Kevin Systrom was part of the Odeo startup which later became Twitter. Since hitting the social space, Instagram has become the centre of digital advertising and marketing.This is attributed to the platform’s surge in revenue to a record high of $ 24 Billion.

2. Country of Origin

Currently owned by Mark Zuckerbergs Facebook platform, Instagram is an American app. Owned by Facebook and headquartered in the USA,

3. Mark Zuckerberg Net Worth

Instagram’s owner Mark Zuckerberg owns 94 companies including Oculus VR and WhatsApp. Besides running most of the most powerful social media enterprises in the world, Mark is also the CEO and Facebook co-founder.

The American Entrepreneur and Philanthropist is estimated to have a net worth of $ 62.2B.However, according to Forbes, Mark Zuckerberg’s network has surged to a  record $84.3 billion in 2022.

At barely 37 years, Mark Zuckerberg is ranked among the richest entrepreneurs in the world. The American technology and Entrepreneur and Philanthropist is ranked among the richest people on the planet.

4. Other Businesses Owned By Mark Zuckerberg

Formerly Facebook, Meta platforms have managed to acquire over 90 companies, including Onavo, Oculus VR, Whatsapp, Beluga and many other companies.

Other companies that Mark Zuckerberg has acquired include;

  • Octazen
  • Friendster
  • FriendFeed
  • ShareGrove
  • Hot potato
  • ConnectU
  • DayTum
  • Sofa
  • MailRank
  • Push Pop press
  • Lightbox.com
  • Acrylic Software

5. Biography

Instagram and Facebook owner Mark Elliot Zuckerberg was born on May 14th in New York. He is married to an American Philanthropist Priscilla Chan and together they have two daughters. Today Mark owns over 94 companies including Instagram and WhatsApp.

6. Other Facts about Mark Zuckerberg

  • Zuckerberg created an Instant messaging program at the age of 12 years. Called ZuckNet, he created the platform to help his father know when patients arrived.
  • Mark Zuckerberg is considered a genius based on his IQ estimated to be 152.
  • The color of Facebook is blue since  Zuckerberg is colorblind. Since  Zuckerberg is red-green color blind which means the color he can see better is blue.

7. Mark Zuckerberg became a billionaire at 23 years

Zuckerberg became a young billionaire at barely 23 years.His fortunes doubled after facebook’s 2008 IPO.As the social media network grew including Instagram and Whatsapp acquisitions, so did his network balloon.

Besides excelling in the tech industry, Zuckerberg has invested heavily in the real estate industry around the world. He not only has several homes but also jointly owns  $200 million worth of real estate on the planet.

8. Zuckerberg and the Wife are Philanthropists

As Zuckerberg’s wealth increases,he plans to give away a big chunk of the income to charity. In 2015, Zuckerberg and his wife joined the giving pledge, a charity organisation founded by Bill Gates and Warren Buffett.

Members of the charity organisation agree to give away half of their wealth to support the charity events when they are still alive.In this case, Zuckerberg and  his wife Priscilla chan pledged to donate 99% of  their shares towards supporting Philanthropic causes.

However, Zuckerberg promised to donate  $ 300 million in 2020 to protect American elections.An additional $ 250 million was to go to the center for Tech and civic life while another $1 million was to be donated to the center for election Innovation and Research.

9. Education

Zuckerberg attended Ardsley High School before joining  Phillips Exeter Academy where he excelled and got awarded for exemplary performance in Maths, Physics, classical studies, and Astrology.

By the time Zuckerberg enrolled at Havard in 2002, he had built a strong profile in the world of programming. Together with his roommates Eduardo Saverin, Dustin Moskivitz, Chris Hughes and Andrew McCollum launched Facebook in February 2004.

While Facebook was initially created to help in the selection of college campuses, it expanded rapidly to serve other functions. This saw it balloon tremendously beyond colleges surpassing one billion users by 2022.

Posted by
Dharmesh Donda

iStaunch is written by Dharmesh Donda, an avid Internet geek, IT professional since 2012. Have been in IT industry for more than a decade, and currently doing management and consulting work have taken a plunge into entrepreneurship.

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