According to the Bloomberg Billionaires Index 2024, Zuckerberg's net worth has reached $206.2 billion, surpassing Bezos' $205.1 billion.
The total net worth of Mark Zuckerberg now surpasses the GDP of Kuwait- $160.4 billion. Zuckerberg now trails Tesla CEO Elon Musk by about $50 billion.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York.
In 2024, Zuckerberg's wealth has increased by $78 billion, the highest growth among the 500 richest people as tracked by the Bloomberg Index. Zuckerberg owns a 13% stake in Meta, a company based in Menlo Park, California. His fortune and position on the wealth index have risen significantly this year.
Meta is investing heavily in data centers and computing power as part of its efforts to lead the AI industry. Additionally, Meta is progressing with other projects, including its Orion augmented reality glasses, introduced last month.
Meta's stock market performance has been strong in 2024, with shares rising nearly 70% since the beginning of the year. This increase is closely linked to Zuckerberg's growing personal wealth and investor enthusiasm. The company attributes its sales growth to its investments in artificial intelligence (AI).
This marks a significant turnaround for Meta, which laid off 21,000 employees in late 2022 as part of a major cost-cutting initiative led by Zuckerberg. This plan is seen as a key factor in the company's recovery.
Despite large investments in virtual and augmented reality technologies, investor confidence in Meta remains steady. The company's core advertising business continues to perform well. The 40-year-old co-founder and chief executive officer has gained four spots this year on the wealth index.
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