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Who Says Social Media Execs Don't Make Money - When Six Are The Richest On The Planet!

There are naysayers to this day, that say you can't make money from social media. "It's a passing fad that will go the way of the dot.com bubble," has been echoed by many. With the 2011 Forbes' List of World Billionaires just released on March 9, a good many of those folks are now, either eating crow or continuing to live under a rock. This year's list of the wealthiest of the wealthiest, which tallies over 1210 billionaires with a combined net worth of $4.5 trillion includes six of Facebook's original founders and investors.

Mark Zuckerberg and his posse of frenemies, including Edourdo Saverin - the whistleblower for Ben Mezrich's tome, "The Accidental Billionaires…" and the subsequent movie screenplay penned by Aaron Sorkin - along with Sean Parker, Dustin Moskovitz and Peter Thiel head up this year's billionaire club. In the graphic novel satire, "Facebucks & Dumb F*cks," Fast Eddie (aka Saverin) is seen complaining to the press that he was forced out of Facebook (aka Facebucks).

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I guess at an estimated $1.6 billion in wealth, Saverin's dismissal from Facebook probably went down in the history books as one of highest severance package pay-outs, ever.

The sixth FB billionaire is Yuri Milner, the Digital Sky Russian entrepreneur who today has a 2 percent stake in the company. While Moskovitz, who is six days younger than Zuckerberg, is the youngest of all the billionaires, with an estimated net worth of $2.7 billion. Saverin, age 28, and Parker, age 31, are each worth $1.6 billion. Milner mopping up the rear, at 49 (the oldest in the group) just made it in under the wire, with $1 billion flat.

In "Facebucks & Dumb F*cks," he is seen handing Z-Man (aka Mark Zuckerberg) his first million.

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CEO and co-founder Mark Zuckerberg was estimated at $4 billion when he ranked 212th on the list in 2010. This year, the 26-year-old has more than tripled his wealth with a staggering $13.5 billion. But according to a Mashable report, "that's not to say Zuckerberg's keeping the money all for himself." Just this past year, in an effort to quash some of the "bad boy" press the CEO was receiving as result of the movie, "The Social Network," he made a grandiose gesture of donating $100 million to the Newark, NJ public school system.

The graphic novel's satirical swipe at this move also hinted at an ulterior motive. In Z-Man's attempt to overtake China in the race for Internet dominance, he was given this advice by some of the top up-and-coming social media entrepreneurs.

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Forbes' list also includes more than 80 that are from the technology industry, including veterans Bill Gates of Microsoft, Steve Jobs of Apple and Larry Ellison of Oracle. Social media is relatively new to the billionaire's club, but one only see candidates added to this list in the years to come. 

So the next time, someone asks if you can make any money in the social media space, tell them some are not only taking home tons of cash, some are actually printing it.

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Ron Callari
Social Media Trends
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