Facebook’s parent business, Meta, is co-founded and led by ZuckerBerg. He is also a self-taught computer programmer, philanthropist, and college dropout.. Let us know about Mark Zuckerberg’s investments.
Zuckerberg, then 23, became the world’s youngest millionaire in 2007. Forbes Zuckerberg’s net worth at $93.8 billion in 2023, ranking him as the world’s 12th richest person.
This net worth is close to Zuckerberg’s anticipated fortune peak of $97 billion in 2021.
As the creator of the world’s largest social networking platform, Zuckerberg’s business trajectory, work-life balance, and astronomical net wealth have captured the attention of millions across the world.
In this post, we will look at Mark Zuckerberg’s professional accomplishments, personal life, and the enormous money he has earned along the way.
The Creation Of Facebook:
Mark Zuckerberg’s meteoric rise began in 2004 when he and his Harvard University roommates founded “Thefacebook,” a social networking website aimed at connecting college students.
Because of the platform’s great success, Zuckerberg dropped out of Harvard to focus on growing his business.
Facebook expanded at an exponential rate over time, eventually becoming a global phenomenon with over 2.8 billion monthly active users as of September 2021.
Zuckerberg started the social media phenomenon while still a Harvard University student in 2004.
Membership was initially restricted to Harvard students, but by the end of the first month, more than half of the school’s undergraduate student population had joined “thefacebook.com.”
The site grew in popularity at other institutions, and by the end of 2005, the firm had eliminated the “the” from its name and had 6 million members.
In September 2006, Facebook finally opened its doors to the broader public, and the rest is history.
The social networking site’s advertising income has propelled Zuckerberg’s fortune, and as of November 12, 2021, his net worth was $121 billion, making him the world’s third-richest person.
Facebook is linked with Zuckerberg, but what else does the internet tycoon own?
Mark Zuckerberg’s Finest Investments:
By far Zuckerberg’s most significant investment is in Meta Platforms. He holds over 350 million Meta shares, which account for the majority of his total worth.
Instagram, WhatsApp, and Oculus were three of Zuckerberg’s finest investment selections. Intercom, which he acquired through Iconiq Capital, was another good investment
Iconiq is a private venture capital business that has clients like Zuckerberg and other billionaires.
Meta paid $1 billion for Instagram in 2012. The photo-sharing software had 50 million users but no money at the time. Since then, Instagram has expanded to over one billion users worldwide.
According to Bloomberg, Instagram produced $20 billion in ad income for Meta in 2019.
Bloomberg estimated Instagram’s standalone worth at $100 billion in 2018. In six years, the value increased from $1 billion to $100 billion at a compound annual growth rate of 115%.
According to Statista, Instagram’s user population has increased from 805 million in 2018 to more than two billion in 2023.
Meta purchased the WhatsApp communication software for an eye-popping $19 billion two years after purchasing Instagram.
WhatsApp was not profitable, but the transaction was driven by the app’s growth. WhatsApp had 450 million users at the time and was gaining one million new users per day.
The number of users has increased. Meta claimed that WhatsApp has two billion daily active users in 2022.
Since then, Meta has abandoned WhatsApp’s primary income generator, a $1 monthly charge.
Instead, the firm is directing WhatsApp business customers to premium services such as Facebook and Instagram marketing campaigns. The revenue impact of Meta’s plan is not disclosed.
3. Oculus VR
Meta paid $2 billion for VR headset company Oculus VR in 2014. Even nine years later, it’s difficult to claim that the investment has paid off.
According to Counterpoint Research, Oculus is the market leader in VR headsets, with an 81% share. In addition, Oculus sales have increased from a projected 3.5 million units in 2020 to a range of 5.3 million to 6.8 million in 2021.
In early 2023, The Verge claimed that Meta had sold a total of 20 million headsets at that point.
The expansion is encouraging, but there is a wider picture for Oculus that has yet to materialize. The corporation, recently rebranded Meta Quest, promises to be the launch pad for Meta’s metaverse dominance.
Intercom was founded in Dub,lin, Ireland, in 2011. Zuckerberg participated in the 2014 Series C round through Iconiq, bringing Intercom’s total financing to $66 million.
Four years later, at a valuation of $1.3 billion, the messaging software startup raised another $125 million.
Intercom CEO Karen Peacock announced in 2021 that the company was planning for an initial public offering (IPO), so keep an eye on this one.
Peacock did not provide a timetable for the offering, but she did state that Intercom’s revenues have increased dramatically since 2018. This raises the company’s valuation over the $1.3 billion raised in its Series D investment.
Mark Zuckerberg’s Investing Plan:
Zuckerberg is a well-known investor, however he is not the sort of fund manager that Warren Buffett, Ray Dalio, or Carl Icahn are.
Those guys increased their riches by learning to identify good pre-existing enterprises. Zuckerberg’s route was unique. He made his money through entrepreneurship, starting a single firm from scratch.
Zuckerberg’s public interviews often focus on Facebook and Meta Platforms rather than his investment strategy or stock recommendations.
Still, you can get a feel of his personality by looking at the initiatives he directly finances and the firms he’s included into his Meta Platforms empire.
The 39-year-old Meta CEO is valued $107 billion. He increased his wealth by $58.9 million this year through June 30th, behind only Musk.
On Wednesday, Meta released Threads, a so-called “Twitter killer” software, escalating the fight between Zuckerberg and Musk.
The stock of the IT mogul has risen since its new social networking platform went online, with over 30 million people signing up. As of Thursday morning, Meta’s stock was up more than 1%.
As there are presently no income possibilities for Threads, Forbes estimates that the business may add another $150 billion to its market price simply on the enthusiasm surrounding the platform.
According to the article, Zuckerberg is now $61 billion richer only 24 hours after introducing Threads.