ASEAN Business News
Mark Zuckerberg’s Net Worth Breach US$200 Billion As Metaverse Bet Pays Off
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Meta CEO Mark Zuckerberg’s wealth has jumped sixfold in the past two years as shares of Meta are trading near record highs up 60% this year.
Bloomberg reports that Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than US$100 million from his net worth when he announced it, but now it’s paying off big time.
Bouyed by a record high Meta Platforms Inc’s share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to US$200 billion, the first time hes exceeded the US$200 billion mark according to the Bloomberg Billionaire index.
He’s moved to fourth place on the list of the world’s 500 richest people behind Elon Musk, Jeff Bezos, and Bernard Arnault.