Mark Zuckerberg Beats Steve Jobs AND Donates $100M To Newark Public Schools

According to the San Francisco Chronicle, the only people ahead of Mark Zuckerberg on the Forbes 400 list in the Bay area were Oracle (NASDAQ: ORCL) CEO Larry Ellison, 66, who was number 3 overall at $27 billion, and Google (NASDAQ: GOOG) co-founders Larry Page and Sergey Brin, both 37, who tied for 11th place with $15 billion.

At 26, Zuckerberg is one of the two youngest billionaires on the list - Harvard roommate and Facebook co-founder Dustin Moskovitz, 26, came in at number 290 with $1.4 billion.

Mark Zuckerberg is donating $100 million to the Newark public school system. The donation will be the first part of a foundation intended improve U.S. education, according to CNN Tech.

Zuckerberg will announce the contribution Friday on "The Oprah Winfrey Show," where he will be joined by Newark Mayor Cory A. Booker and New Jersey Gov. Chris Christie.

The donation could also be aimed at counteracting any negative stigma that could arise from his new rank on the Forbes 400, but the fact of the matter is that Mark Zuckerberg just donated $100 million of his own personal wealth to one of the country's worst school systems.