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New Delhi: Mark Zuckerberg, the founder and CEO of Meta, has seen his net worth jump almost sixfold to an impressive $201 billion in less than two years. This remarkable increase comes as the company’s stock reached a record high, placing Zuckerberg fourth on the list of the world’s richest people, behind Elon Musk, Jeff Bezos, and Bernard Arnault.
Mark Zuckerberg: Net Worth
This is the first time Zuckerberg has crossed the $200 billion mark. His wealth took a major hit in 2022 when he lost over $100 billion due to a significant gamble on the metaverse that initially seemed like a massive misstep. During that time, Meta underwent a name change from Facebook and faced challenges competing with TikTok, which was gaining popularity with short-form videos.
Why Mark Zuckerberg's Net Worth Increased?
However, the tide has turned for Meta. Recent innovations, particularly the launch of its Orion augmented reality glasses, are now showing promise. Analysts suggest that these advancements, combined with improvements in artificial intelligence, signify Meta’s shift from a social media platform to a leading player in the metaverse.
“Meta’s progress in hardware and AI with Orion shows how the company is evolving beyond social media,” said analysts from JMP Securities.
Global Workforce
Despite this success, Meta has made some tough decisions, including cutting 25 per cent of its global workforce. The company is also focusing more on AI-generated content creators who can interact directly with fans online.
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To enhance its stock performance, Meta has announced a $50 billion share buyback program and introduced its first-ever quarterly dividend, signaling a strong commitment to boosting shareholder value.
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