Facebook Net Worth 2024, How Much Is Facebook Worth?

Facebook Net Worth- You can find detailed information about Facebook’s history, assets, income, liabilities, net income, total employees, and more on this page. In 2024, Facebook’s net worth is $815 billion. Facebook is also known as Meta Platforms.

In the past, people used to send letters or postcards to stay in touch with loved ones due to the high cost of calling. However, Facebook revolutionized communication with its online social networking platform when it was founded in 2004. It quickly became one of the largest and most influential social networking sites. You can also check the net worth of Apple and Google.

Facebook Net Worth

In 2024, Facebook, now known as Meta Platforms, boasts a staggering net worth of $815 billion. This social media giant, founded in 2004, has evolved into a technological powerhouse that extends far beyond its initial platform. With billions of users worldwide, Meta Platforms has become a pivotal player in shaping how people connect, communicate, and share information.

Facebook Net Worth

Its meteoric rise in net worth is a testament to its ability to innovate, adapt, and capitalize on the ever-changing digital landscape. As it continues to expand its presence and ventures into various technological domains, Meta Platforms’ net worth reaffirms its position as a formidable force in the global tech industry, with a profound impact on how we engage with the digital world.

 

Facebook Net Worth Overview

Name Facebook
Net Worth 2024 $815 Billion
Profession Social Network Company
Monthly Income And Salary
Category Trending News

Read Also:-World Top 10 Richest Billionaires October 2024

Facebook Net Worth In 2024

In 2024, Facebook’s net worth stands at an impressive $815 billion. As one of the largest and most thriving social media platforms in existence, Facebook has amassed a vast and ever-growing user base. Notably, Facebook also owns Instagram and WhatsApp, two major players in the realm of social media. Despite recent challenges related to privacy policies, Facebook is actively addressing these concerns on a global scale, as several nations have expressed unease.

Net Worth 2024 $815 Billion
Net Worth in Rupees Rs. 60 Lakh Crore
Revenue  $120.523 Billion
Operating income $28.681 Billion
Net Income $22.545 Billion
Total Assets $206.688 Billion
Total Equity  $124.795 billion
PE Ratio August 2024 30.12
Owner Mark Zuckerberg
Number of Employees 76,000 (Nov, 2022)
Brands Facebook, Instagram, Messenger, WhatsApp, Oculus VR

Read Here:-Top 10 Shoe Brands In India For Men & Women 2024

Meta Platforms Net Worth

Thanks to Facebook, we can now connect with loved ones worldwide. This platform, created by Mark Zuckerberg and his colleagues, allows us to send messages to both acquaintances and strangers. Mark Zuckerberg quickly became the world’s youngest billionaire due to its success.

The Facebook craze continues to grow exponentially, attracting users from across the globe. Now, users can enjoy various activities like video calling friends and family, playing games, and even promoting businesses on Facebook. This transformation has profoundly altered how we view communication. Additionally, Facebook owns other social networking sites and apps like WhatsApp and Instagram.

Meta Platforms Revenue (Facebook)

  • Meta Platforms revenue for the quarter ending June 30, 2024 was $31.999 Billion.
  • Meta Platforms revenue for the twelve months ending June 30, 2024 was $120.523 Billion.
  • Meta Platforms annual revenue for 2022 was $116.609 Billion.
  • Facebook annual revenue for 2021 was $117.929 Billion.
  • Facebook annual revenue for 2020 was $85.965 Billion.
  • Facebook (Meta Platforms) annual revenue for 2019 was $70.697 Billion.
Year Annual Revenue (Millions of US $)
2024 $120,523
2022 $116,609
2021 $117,929
2020 $85,965
2019 $70,697
2018 $55,838
2017 $40,653
2016 $27,638
2015 $17,928
2014 $12,466
2013 $7,872
2012 $5,089
2011 $3,711
2010 $1,974
2009 $777

Check Here:-Top 10 Dangerous Amusement Rides Around The World 2024

Facebook Net Income

  • Meta Platforms net income for the quarter ending June 30, 2024 was $7.788 Billion.
  • Meta Platforms net income for the twelve months ending June 30, 2024 was $22.545 Billion.
  • Meta Platforms annual net income for 2022 was $23.2 Billion.
  • Facebook (Meta Platforms) annual net income for 2021 was $39.37 Billion
  • Facebook (Meta Platforms) annual net income for 2020 was $29.146 Billion
  • Facebook (Meta Platforms) annual net income for 2019 was $18.485 Billion
Year (Millions of US $)
2024 $22,545
2022 $23,200
2021 $39,370
2020 $29,146
2019 $18,485
2018 $22,111
2017 $15,920
2016 $10,188
2015 $3,669
2014 $2,925
2013 $1,491
2012 $32
2011 $668
2010 $372
2009 $122
2008 $-56
2007 $-138

Read Here:-Top 10 IAS Coaching Institute In India 2024

Inception

In 2004, Mark Zuckerberg and Edward Saverin, then Harvard University students, introduced Facebook. They invested $1,000 each in the venture, and by February 2004, Facebook was born. Initially, it was accessible at thefacebook.com and welcomed users above the age of 13 with a valid email address. Mark Zuckerberg, the main shareholder, oversaw its launch. Facebook’s early success can be attributed to its effective presentation, offering a novel way of life to users. Over time, it evolved from a platform for messaging and connecting with loved ones into a space where people could virtually live their lives.

Facebook Assets

  • Meta Platforms total assets for the quarter ending June 30, 2024 were $206.688 Billion
  • Meta Platforms total assets for 2021 were $165.987 Billion
  • Meta Platforms total assets for 2020 were $159.316 Billion
  • Meta Platforms total assets for 2019 were $133.376 Billion
Year Assets (Millions of US $)
2024 $184,491
2022 $178,894
2021 $165,987
2020 $159,316
2019 $133,376
2018 $97,334
2017 $84,524
2016 $64,961
2015 $49,407
2014 $39,966
2013 $17,895
2012 $15,103
2011 $6,331
2010 $2,990
2009 $0

Check Here:-Apple Net Worth 2024

Evolution

Initially, Facebook was limited to Harvard University, later expanding to various American universities. In 2006, it went global, welcoming users aged 13 and above with valid email IDs. Despite its success, Facebook faced challenges due to the need for investment. Mark Zuckerberg relocated Facebook to Palo Alto, California. PayPal invested $12.7 million, and Microsoft purchased 1.6% of Facebook shares, valuing it at $15 billion. This partnership introduced the advertisements we see on Facebook, with Microsoft having the advertising rights.

Today, Facebook boasts the largest user base of any social media platform, with over 1 billion active users. Its remarkable growth from 100 million to over 500 million users occurred between 2008 and 2012. Facebook also became a significant platform for businesses to promote their products. Facebook continually evolves, delving into projects like its cryptocurrency and advancements in artificial intelligence and augmented reality to enhance its offerings.

Also Check:-Saudi Aramco Net Worth In 2024

Awards and Achievements

Facebook has earned numerous awards and recognition throughout its history. It’s hailed as one of the most significant startups ever, making Mark Zuckerberg the youngest billionaire. In 2008, Facebook received the People’s Voice Award, and it clinched the Crunchie Award for “Best Overall Startup or Product” three times consecutively from 2008 to 2010.

FAQ’S

What is the net worth of Facebook?

Facebook's market cap currently stands at $911.054 billion. Let's briefly examine the Facebook brand and then delve into its net worth, considering its revenue and future projections.

How rich is Facebook CEO?

In September 2024, Forbes estimated Mark Zuckerberg's net worth at $111.0 billion, ranking him as the 9th wealthiest individual globally. Additionally, a movie titled The Social Network was released in 2010, depicting Zuckerberg's early career, legal challenges, and initial success with the site, and it went on to win multiple Academy Awards.

Who is the richest Facebook?

Mark Zuckerberg is among the world's wealthiest individuals. As the founder and CEO of Meta, his wealth exceeded $100 billion last year, placing him among the ten centi-billionaires globally.

Related Posts:-

Samsung Net Worth 2024

Tata Group Net Worth 2024

Top 10 Richest Cricketer In The World 2024

Leave a Comment