Mark Zuckerberg entered the $200 billion net worth club, a title shared by just three individuals globally, Elon Musk, Jeff Bezos and now Mark Zuckerberg himself. Musk retains his place as the wealthiest person in the world with a fortune of $265 billion, while Bezos follows behind with a net worth of $216 billion.
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Mark Zuckerberg’s net worth surged by $72 billion in 2024 driven primarily by a 60% rise in Meta’s stock price. Meta’s shares now trade at an high level of over $560 per share.
The majority of Zuckerberg’s fortune comes from his 13% stake in Meta Platforms. This stake represents around 345.5 million shares in the company.
Meta generated $134.9 billion in revenue in 2023 and serves about four billion monthly users. Zuckerberg has joined the exclusive $200 billion club, which only includes three other members.
- Elon Musk: The CEO of Tesla and X continues to hold the top spot with a net worth of $272 billion.
- Jeff Bezos: The founder of Amazon with a personal fortune of $211 billion.
- Bernard Arnault: The CEO of luxury giant LVMH rounds out the club with a net worth of $207 billion.
Zuckerberg’s wealth ballooned by $73.4 billion in 2024 alone.
The surge in Zuckerberg’s wealth is directly tied to the performance of Meta’s stock. Since the start of 2024, Meta’s stock has risen nearly 64%, reaching a record high of $568.31 per share by the end of September.
Zuckerberg’s fortune is linked to his stake in Meta Platforms. According to the company’s April 2024 proxy statement, he holds around 345.5 million shares of Meta.
At Meta’s annual event, Meta Connect 2024, Zuckerberg addressed that Meta AI is set to become the world’s most widely used assistant.
With nearly 500 million monthly active users, Meta AI is expanding its footprint and according to Zuckerberg, the company hasn’t even launched its AI platform in major regions like the European Union yet.
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In Q2 2024, the company reported a 22% increase in revenue, climbing from $32 billion in the previous quarter to $39.07 billion.
Zuckerberg’s $72 billion wealth increase in 2024 puts him ahead of several other tech moguls including Oracle co-founder Larry Ellison and former Microsoft CEOs Bill Gates and Steve Ballmer.
Larry Ellison has experienced a $55 billion wealth increase this year, thanks to Oracle’s stock jumping by 57%. Despite this growth, Ellison’s total net worth remains about $20 billion.
LVMH’s Bernard Arnault has seen his fortune decline by $30 billion this year due to a 16% drop in LVMH’s stock value, reducing his net worth to $177 billion.
Musk and Bezos have benefitted greatly from the global surge in AI-related investments. Musk’s net worth increased by $36 billion in the first nine months of 2024, while Bezos saw his wealth grow by $39 billion.
With a net worth of $201 billion, Zuckerberg is close to surpassing both Jeff Bezos and Bernard Arnault ($207 billion). This ascent is largely due to the outstanding performance of Meta stock and its successful strategies in AI and social media innovation.
Zuckerberg’s wealth growth in 2024 has outpaced other tech titans including Oracle co-founder Larry Ellison and former Microsoft CEOs Bill Gates and Steve Ballmer. Zuckerberg is currently the largest gainer among top billionaires this year.
In an interview with the Acquired podcast, Zuckerberg explained his approach, “I define our strategy as if we can learn faster than every other company, we’re going to win. We’re going to build a better product than everyone else because we’re going to get it out first or early.”
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