Mark Zuckerberg’s Wealth Surges to $201 Billion with The Metaverse Power Move

The trek into the metaverse for Mark Zuckerberg has been anything but smooth. His once-risky bet, which cost him more than $100 billion, appears to be paying off handsomely now.

His net worth has increased dramatically to $201 billion in less than two years, nearly sixfold. The skyrocketing stock price of Meta Platforms Inc., which has increased by about 60% just this year, is mostly the impetus for this surge.

Consequently, Zuckerberg is once again the fourth richest person in the world, behind only Jeff Bezos, Bernard Arnault, and Elon Musk.

The Metaverse: A Mixed Bag

Despite these amazing numbers, the metaverse remains controversy-ridden. While Zuckerberg maintains that it is the future of social interaction, many remain skeptical about it.

Some doubters think Meta’s performance produced more loses than advantages. Some critics have argued that Zuckerberg’s fortune has been less in the metaverse concept itself than in his endeavors to benefit from recent AI leaps.

Interestingly, Meta made huge financial stabilization efforts. This includes the initiation of its $50 billion share buyback program and also reduced 25% of its workforce for the sake of streamlining the organization.