Meta Stock's Rebound Made Mark Zuckerberg the World's Fifth-Richest Person at $222 Billion
Meta stock slumped in June -- then jumped in July.
Overview
Meta Platforms (NASDAQ: META) stock rode the roller coaster last week, soaring as high as $686 per share intraday on Wednesday before giving back all its gains -- and that's OK. Closing the week a penny above $646 per share, Meta has returned to prices last seen in April.
As a direct result of Meta stock's rebound, CEO Mark Zuckerberg -- who owns 13.5% of Meta stock according to data from S&P Global Market Intelligence -- has become the fifth-richest person in the world. His estimated net wealth (by Bloomberg): $222 billion.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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