Facebook was founded by Mark Zuckerberg and his Harvard classmates. (Photo Credit: X)
Meta co-founder & CEO Mark Zuckerberg’s total net worth has increased to $201 billion, thus entering the coveted $200 billion club.
Meta co-founder & CEO Mark Zuckerberg’s total net worth has increased to $201 billion, thus entering the coveted $200 billion club. So far, only Elon Musk (with $272 billion net worth), Jeff Bezos ($211 billion), and Bernard Arnault ($207 billion) had a net worth of over $200 billion.
According to Bloomberg’s Billionaire Index, Mark Zuckerberg’s net worth has surged $73.4 billion in the current year 2024 so far, which is a growth of 57.5 per cent year-to-date.
It has positioned Zuckerberg as the fourth richest person on the planet, right behind Amazon founder Jeff Bezos, LVMH Chairman Bernard Arnault, and Tesla CEO Elon Musk.
The majority of Zuckerberg’s wealth is attributed to his 13 per cent stake in Meta, which he holds through approximately 345.5 million shares.
The shares of Zuckerberg-owned Meta Platforms, which owns social media sites Facebook, Instagram and Threads, have jumped 63.83 per cent during 2024 so far. On January 2, 2024, the company’s shares stood at $346.29 apiece, which has now increased to $567.36.
Facebook was founded by Mark Zuckerberg and his Harvard classmates.
Meta’s robust valuation has attracted strong investor interest, trading at about 24 times its forward earnings — just below the Nasdaq 100’s average ratio of 26 times.
At the Meta Connect 2024 event recently, Zuckerberg highlighted the company’s ambitious plans for artificial intelligence. Meta AI is projected to become one of the most widely used digital assistants, with nearly 500 million monthly active users—despite not having launched in major markets like the European Union yet.
For now, Elon Musk is the world’s richest individual with a staggering net worth of $272 billion, while Jeff Bezos follows closely with $211 billion and Bernard Arnault with $207 billion.
Meanwhile, Nvidia’s CEO Jensen Huang saw his net worth jump by $62.2 billion, while Oracle co-founder Larry Ellison gained $58.6 billion.
