A year ago, Mark Zuckerberg rebranded Facebook as Meta to ‘bring the metaverse to life.’ His net worth has since collapsed from $118 billion to $37 billion.

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    Since that point, almost all of his wealth has been tied to his 13% stake in Meta, which temporarily plummeted in tandem with the company’s stock price. He has mostly recovered in the last few months.

    Zuckerberg was worth $118 billion on Oct. 28, 2021 (the day Meta’s rebranding was announced), according to the company. Bloomberg Billionaires Index.

    As of Friday morning, he had a net worth of about $96.5 billion, according to Insider’s own calculations based on Bloomberg indices.

    Still, even taking into account recent gains, the company has lost nearly $22 billion on paper almost two years after the rebrand was announced. His net worth has recovered from a low of about $37 billion in October 2022, about one year after Meta’s rebranding.

    The company’s stock has recovered in the first six months of the year, but 2023 will be a chaotic one. massive layoffs around the technology industry especially metaalong with a series of issues with regulators, scholarPlus, recently added competition from Apple revealed competitors For Mr. Zuckerberg’s prized virtual reality headset.

    1 report From The Verge Zuckerberg criticized Apple’s headsets at Thursday’s company all-hands meeting, including the fact that many users stood still and worked alone in Apple’s demos, including the fact that many users were standing still and working alone. To draw contrasts, Zuckerberg has reportedly told employees what Meta wanted to work with and to highlight the people present in the virtual reality.

    Meta seems poised to take more risks this year, as reports last month indicated that the company was testing a release date and could be nearing it. Instagram-based Twitter competitor It’s described as “the Instagram that tells you what you think.”

    Meanwhile, according to Bloomberg rankings, Zuckerberg’s fortune will reach $142 billion in September 2021, putting him among the richest people in the world.

    The tech CEO spent part of last year outside the top 20 due to a sharp decline in meta stocks, but recently returned to the top 10 of the world’s richest people, with Elon still in first place.・It falls far behind Mask and 2nd place. Bernard Arnault both earned close to $200 billion.


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