Estimates say that on June 10, 2022, Zuckerberg's net worth was at $68.2 billion.
Zuckerberg built Facebook after Harvard. Facebook evolved fromHarvardConnection.com, a social networking website, and FaceMash, a website for rating the beauty of other Harvard students.
When Facebook went public in 2012, it raised $16 billion, making it the most lucrative Internet IPO in history. Facebook purchased the photo-sharing app Instagram in the same year.
Over the years, Meta has purchased hundreds of businesses, including as Instagram ($1 billion in 2012), WhatsApp ($22 billion in cash and shares in 2014), Oculus VR ($2 billion in 2014), and several more, from platforms for artificial intelligence (AI) to identification services.
Facebook revealed in April 2018 that, rather than the 50 million users previously stated, 87 million users' information had been improperly shared with Cambridge Analytica.
The statement continued by saying that, like everyone else, Zuckerberg and Facebook had learned about Cambridge Analytica's participation via the media. In order to avoid such situations in the future, Facebook will safeguard our platform, investigate other apps, and create better controls, according to Zuckerberg.
The majority of Facebook's income comes from advertising. On its multiple platforms, the corporation rents out advertising space. Facebook, Instagram, and WhatsApp are some of these platforms. By enabling users to pay to promote their pages/posts on several platforms, which is also a kind of advertising, Facebook (Meta) also generates money.
Mark Zuckerberg has a net worth of $70 billion mostly due to Meta.
The future of Meta and Facebook is unknown as Meta invests heavily in the Metaverse. Billions of USD investment is being spent by Meta as they try to maintain market share over rivals in the social space.