'We have a lot of things now that a lot of people use and that support a large amount of business and we should operate somewhat differently.' 'It's been a rapid phase-change, to take a step back and say, 'Ok, we can't treat everything like it's hyper growth,'' Zuckerberg said on a fourth-quarter earnings call with Wall Street analysts on Wednesday, according to a transcript. On Wednesday, Meta said it will continue to tighten its belts in 2023.

In November, Zuckerberg announced mass layoffs that affected about 13% of its workforce and implemented other cost-cutting measures, like closing offices. The massive slump in Zuckerberg's wealth last year mirrored a massive decline in Meta's share price, which lost about two-thirds of its value in 2022 after Facebook reported a fall in its daily active user numbers for the first time ever amid a massive strategic pivot. The rise in Zuckerberg's fortune is impressive because it put him in the fourth spot in terms of year-to-date gains behind fellow billionaires Elon Musk, Bernard Arnault, and Jeff Bezos,, according to the Bloomberg Billionaires Index.Įven so, this is a far cry from early 2022, when Zuckerberg started the year with a $125 billion fortune.

Since most of Zuckerberg's wealth is tied to his Meta shares, his roughly $12 billion single-day increase in net worth brings the value of his fortune to $69.8 billion as of Friday, according to the Bloomberg Billionaires Index, where he is in the 21st spot.

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