Mark Zuckerberg's bet on the Metaverse is costing him dearly, his fortune has decreased by 71 billion dollars
Posted: Sun Jan 05, 2025 9:52 am
Mark Zuckerberg's fortune has been cut almost in half. Until recently, the creator of Facebook had a fortune of 106 billion, which placed him third in an elite group of global billionaires. Only Jeff Bezos and Bill Gates have surpassed him. Zuckerberg is now in 15th place on the list of the richest people according to Forbes, a list that is now headed by Elon Musk.
This loss of 71 billion represents almost half of the jamaica phone number data businessman's fortune , according to Bloomberg . The wealth of the creator of Facebook reached a maximum of 142 billion in September 2021, when the shares of his company rose to 382 dollars.
In October of the same year, Zuckerberg introduced Meta , “the new chapter of the internet” where the company’s purpose would be to focus on the metaverse. Since then, the company’s shares have declined. Currently, his fortune is made up of 52.8 billion dollars.
A complicated year for Meta
It's been a tough year for the company led by Mark Zuckerberg. The company faced a setback for the first time in February . In the period between October and December 2021, the number of daily active Facebook users fell for the first time in history , falling from 1.93 billion to 1.929 billion .
Regarding the metaverse, Zuckerberg said he expects the project to lose “significant” amounts of money over the next three to five years due to this focus on the metaverse. Almost all of Zuckerberg’s wealth is in Meta stock, as he owns more than 350 million shares, according to the company’s latest statement.
This loss of 71 billion represents almost half of the jamaica phone number data businessman's fortune , according to Bloomberg . The wealth of the creator of Facebook reached a maximum of 142 billion in September 2021, when the shares of his company rose to 382 dollars.
In October of the same year, Zuckerberg introduced Meta , “the new chapter of the internet” where the company’s purpose would be to focus on the metaverse. Since then, the company’s shares have declined. Currently, his fortune is made up of 52.8 billion dollars.
A complicated year for Meta
It's been a tough year for the company led by Mark Zuckerberg. The company faced a setback for the first time in February . In the period between October and December 2021, the number of daily active Facebook users fell for the first time in history , falling from 1.93 billion to 1.929 billion .
Regarding the metaverse, Zuckerberg said he expects the project to lose “significant” amounts of money over the next three to five years due to this focus on the metaverse. Almost all of Zuckerberg’s wealth is in Meta stock, as he owns more than 350 million shares, according to the company’s latest statement.