Data: Mark Zuckerberg ranks fourth in global net worth, and Meta's market value exceeds 1.4 trillion USD

ChainCatcher news, tech entrepreneur Mark Zuckerberg is now the fourth richest billionaire in the world, with a net worth of $201 billion. In October 2021, he renamed Facebook to Meta and expanded into the fields of metaverse hardware and artificial intelligence. As of this writing, the tech giant Meta's current stock price is approximately $567 per share, more than six times the stock's low of about $88 per share in November 2022. Meta's current market capitalization exceeds $1.4 trillion, making it one of the most valuable companies in the world.

In the year following the rebranding, Meta's stock price significantly dropped from a trading price of $300 to a low in November 2022, reflecting investor unease about the company's shift towards augmented reality experiences and artificial intelligence development. Since then, half of the world's ten most valuable companies have begun developing metaverse hardware, including Apple, Google, Nvidia, and Microsoft. According to Bloomberg, as of September 2024, Zuckerberg's net worth ranks just behind Elon Musk, Amazon founder Jeff Bezos, and French businessman Bernard Arnault.

Zuckerberg previously stated that Meta would narrow the company's business scope and increase capital investment in artificial intelligence research to expand its business in that area. He explained during the earnings call on July 31, "We have released our first cutting-edge open-source AI model, and our Ray-Ban Meta AI glasses continue to be in high demand."