Mark Zuckerberg’s Meta Platforms has been experiencing an extraordinary year, both in terms of his personal wealth and the performance of Meta’s stock. According to the Bloomberg Billionaires Index, Zuckerberg’s net worth has increased by a staggering $53.7 billion this year, bringing it to $99.3 billion as of June 2 and placing him back in the top 10 richest individuals in the world. The rise in his wealth is closely tied to the impressive performance of Meta’s stock, which has seen a 127% increase this year, resulting in a market value of nearly $390 billion.
Zuckerberg has managed to restore investor confidence by implementing a new concept called “The Year of Efficiency,” which involves significant cost-cutting measures, including the loss of 21,000 jobs. This austerity treatment was announced in waves, with the most recent round of layoffs occurring just a few days ago.
