The assets of Mark Zuckerberg, CEO of Facebook parent Meta Platforms, made a record jump of $ 12.5 billion on Thursday. That happened after Zuckerberg announced at the publication of the quarterly results that 2023 would be a “year of efficiency” for Meta.
After the publication of the figures, Meta shot up more than 23 percent on Wall Street. Investors reacted positively, including to reports that cutting 11,000 jobs in November was “just the beginning” of Zuckerberg’s plans to make operations more efficient. “We are working on flattening our organizational structure and removing some layers of middle management. That way, we can make decisions faster,” said Zuckerberg. “But there is more we can do to improve our productivity, speed and cost structure.”
According to the Bloomberg Billionaires Index, Zuckerberg is worth nearly $70 billion. This makes him the 12th richest person in the world.
Zuckerberg’s net worth has not always been stable. In September 2021, for example, he was still worth $ 142 billion. But 2022 passed with ups and downs for the Facebook CEO. For example, he lost $ 31 billion in February, to gain $ 11 billion again in April. But in October, that profit disappeared again after disappointing figures from his company.
Last year Meta suffered from economic uncertainty due to high inflation and the war in Ukraine. Meta also noticed that fewer iPhone users allowed the company to track their behaviour after a change in the iOS operating system.
