3 April 2024 – Mark Zuckerberg, CEO of Meta, has reached unprecedented heights in wealth, with Forbes reporting a staggering net worth of $177 billion (approximately Rs 14 lakh crore). This surge places him as the fourth-wealthiest individual globally, marking a remarkable ascent in his financial trajectory.
Despite facing challenges such as a significant stock plunge and workforce reductions at Meta, Zuckerberg’s resilience has been evident. After a tumultuous period in late 2022, where his wealth dipped below $35 billion, he rebounded swiftly in 2023 amidst market volatilities.
Meta’s recent decision to introduce dividends and allocate funds for share buybacks underscores its confidence in future growth prospects. The company’s stock witnessed a remarkable surge in 2023, driven by strategic realignment efforts and increased investor confidence.
Zuckerberg’s compensation for 2022, including security expenses and a nominal salary, totaled $27.1 million. His strategic portfolio restructuring, including the sale of personal assets and acquisitions like a $300 million yacht, reflects his diverse interests beyond technology.
In the global wealth landscape, Zuckerberg joins the ranks of Bernard Arnault, Elon Musk, and Jeff Bezos, who lead with substantial net worth. Additionally, Francoise Bettencourt Meyers emerges as the wealthiest woman globally, highlighting the increasing prominence of women in wealth distribution.
