Meta CEO Mark Zuckerberg has officially become the second-richest person in the world, surpassing Jeff Bezos and Bernard Arnault with a net worth of $206 billion. According to the latest report from Bloomberg’s Billionaire Index, Zuckerberg’s fortune grew by an astonishing $78.1 billion in 2024 alone. For more details on Zuckerberg’s rise to the top, check the original article published by CNN.
Bloomberg’s Billionaire Index has confirmed that Zuckerberg is now second only to Elon Musk, with a wealth tied closely to Meta Platforms stock, which has surged by more than 72% in 2024.
Newstro Quick Facts
- Mark Zuckerberg has grown his personal fortune by $78.1 billion in 2024, making him the second-richest person globally, behind Elon Musk with $256 billion.
- Meta Platforms stock surged by more than 72% in 2024, contributing significantly to Zuckerberg’s net worth, which now sits at $206 billion.
- Zuckerberg’s wealth surge comes as he continues to lead Meta’s innovation efforts, including Meta AI, which is set to become the most widely used assistant in the world with nearly 500 million monthly users.
In a stunning turn of events, Meta CEO Mark Zuckerberg has now overtaken fellow tech moguls Jeff Bezos and Bernard Arnault to become the second-richest person on the planet. This significant jump in his net worth, totaling $206 billion, places him just behind Elon Musk, who currently holds the title of the wealthiest individual with $256 billion. Zuckerberg’s rapid financial ascent can be attributed to the substantial rise in Meta Platforms stock, which has surged more than 72% this year. Meta, the parent company of Facebook, Instagram, and Threads, has seen its shares reach a new record high of $595.94, further fueling Zuckerberg’s wealth.
During the annual Meta Connect 2024 event on September 25, Zuckerberg made bold claims about the future of Meta AI, a rapidly expanding virtual assistant service. He revealed that the service is nearing 500 million monthly active users, despite not yet being fully launched in key markets like the European Union. The rise of AI services and platforms has contributed to Meta’s overall success, with Zuckerberg positioning the company at the forefront of technological advancements.
While Zuckerberg’s wealth continues to grow, other tech giants have also experienced a surge in their fortunes. Nvidia CEO Jensen Huang and Oracle co-founder Larry Ellison saw significant increases in their net worths, climbing by $63.5 billion and $55.9 billion respectively. However, neither has yet to reach the exclusive $200 billion club, which remains a milestone that only three individuals have crossed: Zuckerberg, Musk, and Bezos. As Meta’s stock continues to climb, Zuckerberg’s influence in both the tech and business worlds remains unchallenged, positioning him as a dominant figure in the industry.
| Term | Definition |
|---|---|
| Mark Zuckerberg | CEO and co-founder of Meta Platforms, known for launching Facebook in 2004. |
| Meta Platforms | Parent company of Facebook, Instagram, and WhatsApp, focusing on social media and AI development. |
| Elon Musk | CEO of Tesla and X (formerly Twitter), and the wealthiest person globally. |
| Jeff Bezos | Founder of Amazon, previously the world’s richest person before being surpassed by Musk and Zuckerberg. |
| Bloomberg Billionaire Index | An index that ranks the world’s wealthiest individuals based on real-time assessments of their net worth. |
| Jensen Huang | CEO of Nvidia, a leading tech company focused on graphics processing and AI. |
| Larry Ellison | Co-founder of Oracle, a major enterprise software and cloud computing company. |
| Meta Connect | Annual event hosted by Meta, showcasing its innovations in AI and virtual reality. |
Read More at Newstro.com