Mark Zuckerberg's fortune grew $44 Billion this year, most among billionaires tracked by the Bloomberg Billionaires Index during that same period.
After the latest growth, Zuckerberg’s net worth is now estimated at $89.9 billion.
According to the Bloomberg Billionaires Index, Meta’s CEO now ranks as the 12th richest person, and tops the list of billionaires whose wealth expanded since the beginning of this year, followed by LVMH’s CEO Bernard Arnault, and US entrepreneur Elon Musk.
Zuckerberg's fortune mainly consists of his share in Meta, which owns Facebook, Instagram, and What’s Up.
This record growth comes after Facebook’s founder lost more than half of his wealth last year, estimated at $71 billion due to a sharp plunge in the number of Meta’s users.
This year, Zuckerberg has focused on reducing the costs of Meta. In November, he announced plans to lay off over 11,000 of the company’s employees.
In the meantime, Meta’s CEO is gearing up to launch a new app that rivals Twitter. People familiar with the matter told Bloomberg that the new app is currently being tested by celebrities and influencers.