Zuckerberg becomes fourth-wealthiest person following shift to Meta
Tech giant Meta’s current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world.
Tech entrepreneur Mark Zuckerberg is now the world’s fourth-wealthiest billionaire — with a net worth of $201 billion — following Facebook’s rebrand to Meta in October 2021, and expansion into metaverse hardware and artificial intelligence.
Meta is currently trading at approximately $567 per share at the time of this writing — a more than six-fold increase since the stock’s November 2022 lows of roughly $88 per share.
In the year following the rebrand, Meta’s stock fell sharply from trading in the $300 range to the November 2022 lows — reflecting investor sentiment toward the company’s pivot to augmented reality experiences and the development of AI at the time.
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Author: Vince Quill
