Mark Zuckerberg Makes Biggest Single Day Increase In His Wealth
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Mark Zuckerberg made the biggest single-day rise in his income as Facebook's share price has rocketed.
The Meta platform owner saw his personal wealth increase by a whopping $11 billion on Thursday, 28 April and, according to CNN, his net worth is now sitting at roughly $76 billion.
The sudden increase in the Facebook share price took the stock market by storm as many weren't predicting such a rise, reports The Independent.
The social media giant's shares surged a mega 17.6 percent in what's being dubbed as the biggest single-day rise in income in history.
But despite having such a staggering net worth, it seems as if Zuckerberg is just the tip of the iceberg of the world's billionaires as the 37-year-old dropped out of the top 10 World Rich List back in February.
On 2 February, Zuckerberg lost $29.7 billion (25.9 percent) thanks to Facebook's market value dropping by almost $237 billion and he broke records yet again, but for all the wrong reasons.
The drop in his income, with regards to the daily reduction in capital, happened to be one of the largest in history.
But it's not all doom and gloom, as despite having a vast - yet fluctuating - income, Meta recently announced plans to open its first physical retail store on the company’s campus in Burlingame, California.
The store, which is due to open on May 9, will be used to offer product demos of the tech giant’s growing range of gadgets.
It will including its Portal smart home hubs, Ray-Ban Stories smart glasses and Quest 2 virtual reality headsets.
Alongside the store, Meta confirmed it was also adding a new shopping tab to the meta.com website to provide a dedicated place to shop all the company’s hardware products online.
Martin Gilliard, head of Meta Store, said the aim of the retail space was to allow people to 'experience the technology' and as a result 'gain a better appreciation for it'.
The Facebook founder has previously declared the metaverse as the future of online connectivity, rebranding Facebook and its other services under the name Meta last year as part of plans to become a “metaverse company”.
“The Meta Store is going to help people make that connection to how our products can be the gateway to the metaverse in the future,” Mr Gilliard added.
“We’re not selling the metaverse in our store, but hopefully people will come in and walk out knowing a little bit more about how our products will help connect them to it.”
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Topics: News, Mark Zuckerberg, Facebook