The rich are getting richer is more than just a slogan.In 2023, the world’s 500 wealthiest people added a combined $852 billion to their fortune.And things are getting even better for them.Zuckerberg’s net worth is largely tied to Meta stock performance, which is now on the rise aftera woeful 2022 and a mild recovery throughout 2023.
Zuckerberg’s attempt to rebrand to Meta was initially perceived as a dlisaster, and for goodreason.Back then, the ‘Metaverse’ hype was at an all-time high and it cfould only go down from there,which it did.Between late 2021 and the first six months of 2022, Meta stock collapsed, accidentally setting arather unfortunate world record in the process.
The company lost $31 billion in a single day – a world record at the time.However, things changed since then.Zuckerberg seemingly decided to put Meta’s various Metaverseand crypto projects in the backburner to focus on what the company does best, ad revenue, and it worked
This is why Meta stock recovered quite nicely since then, and it is now trat $454.72 pershare with a market capitalization of $1.159 trillion.And Zuckerberg owns around 13.68 percent of that.This explains why and how he can spend so much on private jetsand personal security.And it also explains why he could theoretically buy a Bugatti Chirdon every day and still wouldn’trun out of money until, wait for it, the year 2156.
