Meta’s founder and CEO Mark Zuckerberg, has seen his net worth soar to $201 billion, securing the fourth spot on Bloomberg’s list of the world’s 500 richest individuals.
Zuckerberg’s wealth has grown sixfold in under two years, buoyed by Meta’s surging stock, according to a recent Bloomberg report.
He now trails only Elon Musk, Jeff Bezos, and Bernard Arnault.
This marks Zuckerberg's first time surpassing the $200 billion threshold. His dramatic financial recovery follows a major setback in 2022, when his net worth plummeted by over $100 billion.
At that time, Meta was grappling with competition from TikTok and the challenges of rebranding itself from Facebook into a metaverse-focused company.
However, the gamble on the metaverse is now paying off, largely due to Meta’s Orion augmented reality (AR) glasses.
"With the confluence of Meta’s hardware improvements over the last five years and progress with AI, Orion represents Meta’s evolution from a social media company to a Metaverse company," analysts at JMP Securities noted.
Despite these successes, Meta has faced internal challenges, cutting 25% of its workforce.
Nevertheless, the company has introduced a $50 billion share buyback programme and its first-ever quarterly dividend, aimed at boosting its stock performance.
Zuckerberg’s climb to the fourth spot signals a resurgence for Meta, as the company's technological innovations reshape its future trajectory.
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