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**Meta Chief Zuckerberg Climbs to Fourth Wealthiest Person Globally with $201 Billion Fortune**
Meta's CEO Mark Zuckerberg has secured his position as the world's fourth-richest individual, commanding a net worth of $201 billion according to recent Bloomberg rankings. This achievement places him directly behind Elon Musk, Jeff Bezos, and Bernard Arnault, marking a significant comeback in the tech billionaire hierarchy.
The turnaround underscores a remarkable recovery for both Zuckerberg and his company. Meta's share valuation has soared to approximately $567 per share, representing over six-fold growth compared to November 2022's depressed lows of $88. The company now boasts a market capitalization surpassing $1.4 trillion, solidifying its status among the world's most valuable enterprises.
**The Volatile Journey of Meta's Stock Recovery**
The path to recovery wasn't immediate. Following the October 2021 rebranding from Facebook to Meta, investor confidence wavered as the company committed substantial resources to metaverse and artificial intelligence ventures. The stock endured a substantial correction, plummeting from $300 during peak trading periods to its November 2022 nadir, reflecting market skepticism about the pivot toward extended reality and AI development.
However, the landscape shifted dramatically. A growing number of tech giants—including Apple, Google, Nvidia, and Microsoft—now recognize the commercial potential of metaverse infrastructure and have begun their own hardware initiatives. This broader industry acceptance has vindicated Zuckerberg's strategic vision.
**Strategic Pivot to Artificial Intelligence**
Rather than maintaining a scattered approach, Zuckerberg has articulated a clearer business direction centered on artificial intelligence expansion. During Meta's July 31 earnings presentation, he outlined the company's commitment: deploying proprietary open-source AI models and scaling production of Ray-Ban Meta AI glasses, which continue experiencing robust consumer demand.
This refocused strategy appears to be resonating with investors and markets, propelling both the company's valuation and Mark Zuckerberg's net worth to unprecedented heights.