Mark Zuckerberg, the co-founder and CEO of Meta (formerly Facebook), lost a lot of money last year when he decided to rebrand the company to Meta and focus on the metaverse. This was a controversial move, and shareholders were not happy. Meta’s stock price fell sharply, and Zuckerberg lost $31 billion in a single day.
However, Meta is still profitable, and Zuckerberg is still very rich. His net worth is now $109.5 billion, making him the seventh wealthiest person in the world. This is because Meta owns WhatsApp and Instagram in addition to Facebook, and all three apps are very popular.
Zuckerberg’s bet on the metaverse was controversial, and many investors were sceptical that the metaverse would be successful. However, Zuckerberg has said that he believes the metaverse is the future of the internet, and he is investing heavily in developing metaverse technologies.
It’s hard to say what the future holds for Meta, but Zuckerberg is clearly still doing pretty well. He is also the youngest billionaire in the Forbes top 25.
