Mark Zuckerberg’s Wealth Surges by $84 Billion in 2023 Amidst Pedophilia Rise on Facebook, Instagram
Mark Zuckerberg witnessed an extraordinary increase in his wealth throughout 2023, growing his net worth an additional $84 billion, which catapulted his overall worth to an astonishing $139.1 billion. Despite this financial surge, Zuckerberg’s wealth growth unfolded against a backdrop of mounting legal challenges revealing disturbing instances of disturbing pedophilia, child sexual abuse and grooming taking place on Meta platforms, Facebook and Instagram.
According to Yahoo Finance, Zuckerberg’s wealth expanded at a staggering rate, translating to approximately $9.6 million per hour or $230.6 million daily throughout 2023. This financial ascent coincided with Meta’s strategic shift towards the metaverse, emphasizing virtual reality (VR) and augmented reality (AR) technologies. The metaverse has faced controversy over a series of reported virtual gang rapes.
However, Meta’s transition has not been without its hurdles, including issues related to misinformation and user retention. A recent Senate Judiciary Committee hearing featured Zuckerberg facing tough questions, notably from Sen. Josh Hawley (R-MO), who criticized the tech mogul for insufficient action to protect children on Meta platforms. Sen. Hawley also pressed Zuckerberg on the absence of compensation for victims and their families.
During the hearing, Sen. Hawley confronted Zuckerberg with the presence of families affected by the platform’s negative impacts. He asked Zuckerberg if he would like to apologize to these victims, to which Zuckerberg responded, “I’m sorry for everything you’ve all gone through.”
The parents present at the hearing attributed their children’s suicides or exploitation to social media platforms, particularly Instagram, as the platform is known for online bullying and excessive use is correlated with various mental health disorders. Despite these controversies, Meta’s stock price has rebounded significantly, contributing to Zuckerberg’s increasing wealth.
Beyond the tech realm, Zuckerberg has diversified his personal investments. Notably, he made headlines with the purchase of a luxurious compound in Kauai, Hawaii—Koolau Ranch—spanning over 1400 acres and featuring opulent amenities, including a 5000-square-foot bunker, over 30 bedrooms, and bathrooms.
Photo credit: Flickr
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