There is certainly no need to panic, and Mark Zuckerberg remains one of the greatest fortunes on the planet. However, the wealth of the Facebook founder has plummeted in recent years. We explain why through three emblematic figures.
56 billion dollars: a substantial fortune but in free fall
According to data from the American media Bloomberg, Mark Zuckerberg’s net worth fell by $71 billion this year to $55.9 billion. The founder of Facebook is still the 20th richest man in the world, but he was placed in third place only two years ago. To explain this result, we can cite in particular the fear of a drop in advertising revenue and competition from new platforms such as TikTok.
Moreover, some do not mince words about him and openly criticize his strategic choices made recently. Quoted by CNBCBill George, a member of the Harvard Business School, judges as follows: I don’t think Facebook will do well while it’s here. It’s probably one of the reasons so many people are turning away from the business. He is on the wrong track. »
2.8 billion dollars lost in the development of the metaverse in just three months
It is a highly criticized bet which also partly explains the fears of investors. Mark Zuckerberg firmly believes in the metaverse and he wants to give himself the means to develop this Internet based on virtual reality. To achieve this, he therefore decided to hire a large number of talents in the United States and Europe.
In the short term, it ends up being expensive. During the second quarter of 2022, we learned that Reality Labs, which is working on the development of new virtual worlds, recorded a negative result of 2.8 billion dollars.
1 billion users in the metaverse in 2030, a chimerical dream?
Far from admitting defeat, Mark Zuckerberg thinks long term. He is firmly convinced that the metaverse will be a winning bet, and the figure of one billion users in 2030 is advanced. Many, however, remain skeptical about the possibilities of success of such a project, as well as about its real need.
Finally, note that some criticize the real risks that the metaverse could pose to the environment. On the side of his supporters, on the other hand, we explain that he will drastically reduce our movements.