Facebook was launched in 2004 by Mark Zuckerberg and others as a social networking site. It now has over 845 million active users. Zuckerberg introduced the Facebook Platform in 2007, allowing developers to create applications for the site. By 2007, hundreds of thousands of developers had built apps with millions of users. Zuckerberg was named Time's Person of the Year in 2010 and has a personal wealth estimated at $17.5 billion, making him one of the world's youngest billionaires.