Titans: Mark Zuckerberg

Locator: 48428TITANS.

Tag: Zuckerberg.

Link here.

(Bloomberg) -- Mark Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than $100 billion from his net worth. But now it’s paying off big-time.

Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion, the first time he’s exceeded the $200 billion mark, according to the Bloomberg Billionaires Index.

He’s moved to fourth place on the list of the world’s 500 richest people behind Elon Musk, Jeff Bezos, and Bernard Arnault.

While other tech titans made big jumps in net worth this year — Nvidia Corp. Chief Executive Officer Jensen Huang, for example, has more than doubled his wealth to $106.2 billion — none has grown as much as Zuckerberg’s. He’s added $73.4 billion to his fortune since January 1, 2024, thanks to his 13% stake in Meta. The stock closed at an all-time high on Wednesday and is up 60% this year.

The one titan that has not invested in tech? Yes, there's one. 

November 4, 2022: META was selling for $90 / share. This past week? $561 / share.

For $50 billion at $100 /share = 500,000,000 (five hundred million shares) at the end of 2022.

Today, 500 x 10^6  x $561 = $280,500,000,000 = $280 billion. 

BRK cash horde at the end of 2022: $100 billion.

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• NOTE: content and typographical errors may increase due to a number of factors. I correct them when I find them. But if something seems wrong or doesn't make sense, it's likely to be a typographical error as anything else. (Updated: September 28, 2024).
  
• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.   
  

A tech portfolio.