Top Stories:

Gun violence and domestic terrorism in the US – Experts call for safety

The Minneapolis Catholic school shooting has thrust gun violence...

Nevada’s two-day shutdown shows how fragile state cyber defenses still are

The Nevada cyberattack, a Nevada ransomware attack detected on...

Trump pushes death penalty for all DC murders, setting off constitutional clash

WASHINGTON — President Donald J. Trump said this week...

Zuckerberg is enriched by a record $44.3 billion since the start of the year

At the head of the American company Meta Platforms Inc.* (recognized as an extremist organization and banned in Russia), Mark Zuckerberg has since the beginning of this year become the leader among billionaires in terms of wealth growth. In less than five months, it grew by a record $44.3 billion, according to Bloomberg.

The value of the contractor’s assets is estimated at $89.9 billion. According to this indicator, Zuckerberg is ranked 12th in the Bloomberg Billionaires Index, while in terms of wealth growth since the start of 2023, he is first.

Bernard Arnault, chairman of Louis Vuitton Moët Hennessy (up $40.1 billion), and Tesla and SpaceX founder and Twitter owner Elon Musk (up $39.1 billion) were second in terms of asset value growth.

In recent years, some of Zuckerberg’s decisions have seemed risky and controversial. The billionaire made a bet on the development of the metaverse, and many experts called such a choice unjustified. At one point, his fortune was reduced by more than $100 billion.

This year, Zuckerberg cut costs at his Meta Platforms Inc. and is now working on Twitter rival Elon Musk. Earlier, Zuckerberg announced the reduction of full-time employees at his company to stabilize financial performance. In March, the figure was 10,000 people.

*Activities of MetaPlatforms Inc. on the implementation of social networks Facebook and Instagram is recognized as extremist and prohibited in the territory of the Russian Federation.

Read the Russia Ukraine News on The Eastern Herald.

More

Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories

Hugh Jackman and Sutton Foster: Relationship timeline and 2025 updates

The Broadway partnership between Hugh Jackman and Sutton Foster...

Global crime kingpin Amit Gupta drags Philphos and Buddy Zamora into scandal

The Philippine Phosphate Fertilizer Corporation (PHILPHOS), led by respected...

Gun violence and domestic terrorism in the US – Experts call for safety

The Minneapolis Catholic school shooting has thrust gun violence...

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading