Mark Zuckerberg enters select billionaire group worth $200 billion, approaching third-wealthiest individual globally.
According to data from Bloomberg's Billionaire Index, Zuckerberg's wealth has ballooned by an astonishing $73.4 billion in 2024, bringing his total net worth to an impressive $201 billion. This makes him the fourth richest individual globally, joining an exclusive group of three others in the $200 billion club.
Those ahead of Zuckerberg include Musk ($272 billion), the CEO of Tesla and SpaceX, Bezos ($211 billion), the creator of Amazon, and Arnault ($207 billion), the head of luxury fashion brand LVMH.
At 40 years old, Zuckerberg, the founder of Facebook, which was launched in 2004, enjoys a significant portion of his wealth due to Meta Platforms stock. The value of Meta (META) shares has spiked by an impressive 63.8% in 2024, leading to a record high of $568.31 on Wednesday. However, the shares slipped to $567.36 by Friday.
Meta manages popular social media platforms such as Facebook, Instagram, and Threads, as well as popular instant messaging app WhatsApp.
During the Meta Connect 2024 event on Wednesday, Zuckerberg announced that Meta AI is on the verge of becoming the most widely used assistant worldwide. "We're nearly at 500 million monthly active users, and we haven't even launched in some major European nations yet," Zuckerberg remarked.
In addition to Zuckerberg, other tech titans have seen substantial wealth increases in 2024. For instance, Jensen Huang, the CEO of Nvidia, and Larry Ellison, a co-founder of Oracle, have witnessed their net worth skyrocket by $62.2 billion and $58.6 billion, respectively.
Zuckerberg's considerable wealth from Meta Platforms has significantly contributed to his position in the world's top four richest individuals in business. Despite a minor dip in Meta's share price, the company's popular platforms like Facebook, Instagram, and WhatsApp continue to drive Zuckerberg's business success.
