Behind every billionaire there is a story!

Is Facebook befriending investors? CEO won’t say

Facebook Inc. doesn’t need to befriend more investors to finance its rapid growth, but the popular online hangout hasn’t ruled out the possibility of accepting another cash infusion of help pay the bills, its chief executive says. Mark Zuckerberg, who founded Facebook in a college dorm room and now ranks as the world’s youngest billionaire, made the coy remarks Thursday during an appearance at the Web 2.0 summit in San Francisco.

Questions about Facebook’s financing needs have been raised by unsubstantiated reports on blogs that the privately held company’s chief financial officer has recently met with potential investors in Dubai.

Palo Alto-based Facebook so far has raised about $500 million, including a $240 million investment from Microsoft a year ago. That round of financing valued Facebook at $15 billion and left Zuckerberg, 24, with an estimated net worth of $1.5 billion, according to Forbes magazine.

Since taking Microsoft’s money, Facebook has more than doubled in size.

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