Facebook's Mark Zuckerberg | http://www.telegraph.co.uk/
The ever popular social networking site first launched in 2004, Facebook, can be found open on almost every teenagers computer. Its founder, Mark Zuckerburg, who created the social-networking site from within his Harvard dorm room is a prime example of an young entrepreneur who has displayed a high amount of innovation, risk, and accumulated wealth within a short period.
Innovation
Prior to Facebook, online social networking consisted of instant messaging, emailing, and Myspace. Facebook has successfully integrated all three of those concepts into one website appealing to a wide age range and has changed the way we connect with one another.
Risk
To this day, Facebook deals with many legal controversies. Many criticize its issues concerning online privacy, child safety, and censorship. Despite these criticism and lawsuits, Facebook has continued to prosper and has not lost its popularity.
Accumulated Wealth/Speed of Wealth
| Year 2006 |
Revenue $52 |
Growth – |
| 2007 | $150 | 188% |
| 2008 | $280 | 87% |
| 2009 | $775 | 177% |
| 2010 | $2,000 | 158% |
| 2011 | $4,270 | 114% |
Over the past 5 years, Facebook revenue has grown to $4.2 billion which is over 800% its original revenue in 2006. Over this short period of time, the company was able to accumulate a large amount of wealth which a sign of entrepreneurship. Facebook’s revenue has been generated through advertising.