- Facebook CEO Mark Zuckerberg has added $30 billion to his fortune over the last two months according to the Bloomberg Billionaires Index.
The global economy has been hit very badly after the coronavirus pandemic started spreading its tentacles all over the world in mid-March. Almost every industry/sector has been hit and there is one man who has seen a massive increase in his wealth in the last two months. Facebook CEO Mark Zuckerberg has added $30 billion to his fortune over the last two months according to the Bloomberg Billionaires Index.
Zuckerberg had an estimated wealth of nearly $57.5 billion sometime in mid-March, but now his wealth has grown to $87.5 billion. Zuckerberg is now the world’s third-richest man and is ahead of Warren Buffet’s likes.
A recent CNBC article reported that the share price for Facebook has hit an all-time high of $230.75 after the company introduced its online shopping feature called Shops.
Facebook and Zuckerberg have been busy for a couple of months as the social media giant tries to carry out updates to support users in the current situation. Messenger Rooms was rolled out last month, which is Facebook’s answer to Zoom. Messenger Rooms allow 50 persons on the same call to interact with each other. Messenger Rooms can also be used by anyone on WhatsApp and Instagram, and surprisingly, using a Facebook account to engage in a call does not require one. To host or start a call, however, one does need a Facebook account.
Zuckerberg, meanwhile, also commented in an interview with The Verge on how work from home has had a positive effect on Facebook employees. “The thing that people were positively surprised about is that people work at home more productively than people would have expected. Some people thought it was all going to fall apart and it hasn’t. And a lot of people genuinely say they ‘re more successful now. “He said, that’s also true to him. “I think this is probably the longest time I’ve worked remotely. It’s been more successful, too, than I expected it would be, “he told The Verge.
Recently, Facebook chief executive announced a handful of updates Tuesday signaling the company’s commitment to online shopping and commerce, one of the areas he highlighted this year as a priority. The main product, called Shops, is a new version of an existing Facebook feature with a similar name and will allow retailers to upload product catalogs to their Facebook page or profile on Instagram.
