Meta CEO Mark Zuckerberg has joined an exclusive group of individuals with a net worth exceeding $200 billion, becoming the youngest person ever to achieve this financial milestone.
With a fortune of $202 billion, Zuckerberg is now the third richest person in the world, following Elon Musk, who tops the list at $268 billion, and Jeff Bezos with $214 billion.
Zuckerberg’s wealth resurgence follows significant losses in 2022, primarily due to Meta’s heavy investments in the Metaverse, which initially weighed down the company’s stock performance.
However, his focus in 2023 shifted toward artificial intelligence (AI) and cost-cutting measures across Meta, leading to a remarkable recovery. This pivot has propelled Zuckerberg’s net worth by $73.5 billion this year alone.
Also read: Mark Zuckerberg Claims Biden’s White House Pressured Meta to Censor COVID-19 Content
Meta’s AI initiatives have been credited for revitalizing investor confidence, contributing to its stock’s strong performance. These changes mark a turning point for Zuckerberg, who has effectively navigated challenges in the tech sector while regaining his place among the world’s wealthiest.
What do you think of the story? Share your thoughts and stay tuned for more latest news on Gazette Now
