Meta founder and CEO Mark Zuckerberg is the fourth richest man in the world at the time of writing.
He has a net worth of $160 billion and, with that kind of money, Zuckerberg could buy an expensive seven-figure hypercar like the Bugatti Chiron every day for years before running out of money.
In fact, it would take him over a century.
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The rich are getting richer is more than just a slogan.
In 2023, the world’s 500 wealthiest people added a combined $852 billion to their fortune.
And things are getting even better for them.
Zuckerberg’s net worth is largely tied to Meta stock performance, which is now on the rise after a woeful 2022 and a mild recovery throughout 2023.
Zuckerberg’s attempt to rebrand to Meta was initially perceived as a disaster, and for good reason.
Back then, the ‘Metaverse’ hype was at an all-time high and it could only go down from there, which it did.
Between late 2021 and the first six months of 2022, Meta stock collapsed, accidentally setting a rather unfortunate world record in the process.
The company lost $31 billion in a single day – a world record at the time.
However, things changed since then.
Zuckerberg seemingly decided to put Meta’s various Metaverse and crypto projects in the back burner to focus on what the company does best, ad revenue, and it worked.
This is why Meta stock recovered quite nicely since then, and it is now trading at $454.72 per share with a market capitalization of $1.159 trillion.
And Zuckerberg owns around 13.68 percent of that.
This explains why and how he can spend so much on private jets and personal security.
And it also explains why he could theoretically buy a Bugatti Chiron every day and still wouldn’t run out of money until, wait for it, the year 2156.
Some of the images used for this article were created using AI.
