Zuckerberg really got richer by 650 billion crowns, this year by a trillion. The investors therefore applaud him mainly for the fact that he was able to quickly release 20,000 people

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The co-founder of af Meta, the mother of Facebook, is getting rich like no one else this year. Since the beginning of the year, Mark Zuckerberg has increased his name by approximately 980 billion crowns. This is an amount that is equal to half of the revenues of the Czech state budget paid this year. Zuckerberg thus made a comeback among the richest people in the world. In total, his name is worth three trillion crowns, which currently ranks him in the fourth place among the richest people in the world. Only Elon Musk, Jeff Bezos and Bernard Arnault know.

The firmness of Zuckerberg’s wealth is the responsibility of the public. In one day, this Zuck became richer by 650 billion crowns. Meta is also tied with Amazon in the clear take of the latest US session results. All the analysts were perfect. The results were not good, especially the fact that Meta was able to get rid of tens of thousands of employees. This frees up the company’s pension, which it uses for the additional purchase of its shares, in the amount of 1.2 trillion crowns, and thus for its first ever dividend payment.

In response to the public results, Meta Vera’s shares jumped by twenty percent, to an all-time record level of 475 dollars per piece. The market value of the company thus increased by a whopping 4.6 trillion crowns, which represents the largest one-day increase in the value of any company in history.

With the stupid arrest of November 2022, Zuckerberg’s wealth shrunk to just 870 billion crowns, according to the exchange rate of the Czech currency to the dollar at the time. Just after he got rid of 21,000 female employees, Meta’s shares tripled their price last year, so Zuckerberg is now 4.5 times richer than in November 2022 (see chart no).

Of course, even with these sharp movements, it is evident that such a small amount of wealth is more of a theoretical, paper value. In order for Zuckerberg to be able to dispose of these pensions, he would understandably have to sell at least two of his Meta shares, which hold roughly 350 million of them. If such a large balk would extend the action, he would not have time to do so, and their price could drop very dramatically. Investments began to be called for, for prod. They would get the impression that Zuckerberg is doing something wrong, which they are not, and they would prefer that at least some of them start getting rid of the stock in such a way that they would only increase the price drop.

Understandably, Meta invests accordingly in both artificial intelligence and the metaverse. Zuckerberg’s unusually swelling wealth, but in addition to the dreams he made in the form of the release of more than two dozen thousand people, has so far broken the impenetrable wall of state regulations. You don’t want him to make massive acquisitions and investments, he prefers to spend his pension on buying back shares or paying dividends for the first time.

Luk Kovanda, Ph.D.

Chief Economist, Trinity Bank


TRINITY BANK

Trinity Bank has been operating on the financial market for 25 years, and the transformation of the Moravský Penn status of the cooperative was created. It has more than 92,000 clients and its balance sheet amount exceeds K65 billion.

Trinity Bank specializes in private and corporate banking, and for individuals, it focuses mainly on deposit and savings products, which offer superior value for money.

More information at: www.trinitybank.cz

The article is in Czech

Tags: Zuckerberg richer billion crowns year trillion investors applaud fact quickly release people

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