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Meta CEO Mark Zuckerberg enters the exclusive $200 billion club, becomes world’s 3rd most richest man - StuffsEarth
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September 25, 2024 Meta Platforms co-founder and Chief Executive Officer Mark Zuckerberg has joined the ranks of the world’s most elite individuals with a net worth of $200 billion, according to Bloomberg’s Billionaires Index.
Only two other people have a personal wealth upwards of $200 billion. While Amazon founder Jeff Bezos is the second richest man on the planet with a fortune of $216 billion, Tesla CEO Elon Musk is the most wealthiest with a personal wealth of $268 billion.
Zuckerberg’s wealth has surged by $71 billion this year taking his total net worth to $200 billion.
The Meta co-founder has seen his fortunes grow at a fastest clip and following him is Nvidia CEO Jensen Huang who has seen the second-largest increase in net worth at $61.8 billion. Huang’s total net worth now stands at $106 billion.
Musk’s rise in personal wealth this year is to the tune of $38.9 billion while Bezos’ wealth has grown by $39.3 billion. The top three richest persons are Americans and run technology businesses.The next in the list are Bernard Arnault of France who has amassed a wealth of $183 billion though his wealth has declined by $24 billion in 2024, so far.Larry Ellison, Bill Gates, Steve Ballmer, Larry Page, Warren Buffett and Sergey Brin are in the top 10 list.
At the start of this year, the only other individual with a net worth of $200 billion was Bernard Arnault, CEO of LVMH. However, shares of his luxury conglomerate have fallen nearly 16% this year, reducing his estimated wealth by $30 billion, bringing it down to $177 billion.
According to the Billionaire Index, the majority of Zuckerberg’s fortune is derived from a stake of about 13% in Meta, based on a July 2024 filing.
Meta, which is the parent company of social media platforms like Facebook, Instagram and WhatsApp, generated a revenue of $134.9 billion in 2023 and has about 4 billion monthly users.
India’s richest man Mukesh Ambani is at the 12th spot with a wealth of $113 billion while Gautam Adani is at the 15th spot with a personal fortune of $105 billion.
Also Read: Can multibagger HUDCO, 5 other housing finance stocks maintain their winning run on these two tailwinds?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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