So far this year, the fortune of Mark Zuckerberg increased by US$42.4 billion, which now places it in fourth place in the Bloomberg Billionaires Index. Now he surpassed the co-founder of Microsoft, Bill Gateswho has fallen to fifth place on the list of the richest.
Zuckerberg, owner of 13% of the shares of Goal ($GOAL)now has a net worth of $170 billion, thanks to the social media company’s rising stock. which he first founded in 2004 while he was a student at Harvard University.
Meta shares rose 20% on Friday, hitting a new record of $474.99, after the owner of Facebook announced the payment of the first dividend in response to a sharp increase in the company’s revenue. The company added US$204.5 billion to its valuation, the largest single-day market cap gain in Wall Street history.
Goal: Zuckerberg’s fortune skyrocketed
Meta Shares Up 34% in 2024 and a 154% in the last 12 monthsup 1,159% since Facebook’s IPO in 2012. Facebook changed its name to Meta Platforms in October 2021.
Zuckerberg, who became the world’s youngest self-made billionaire at age 23 in 2007, is also scheduled to receive $700 million a year in dividends from Goal through their participation in the company.
These increases have led the 39-year-old New Yorker to rise on Bloomberg’s billionaire listwhich is now increasingly dominated by American tech billionaires.
This is how the ranking of the millionaires remained
Zuckerberg now trails Tesla CEO Elon Musk the number 1 billionaire (US$205 billion) and the founder of Amazon, Jeff Bezos, whose fortune increased to $197 billion from $144 billion on Friday.
The number 2 billionaire, Bezos, replaced LVMH CEO Bernard Arnault ($185 billion), who dropped to third place. A large profit surplus and Encouraging comments about Amazon’s cloud fueled a 7.8% rise in shares on Friday.
In fifth place, Microsoft founder Bill Gates has a net worth of $145 billion.
Only two people in the top 10, luxury goods magnate Bernard Arnault and Berkshire Hathaway CEO Warren Buffett, made their fortune outside the tech industry.
The rapid growth in Zuckerberg’s net worth put him at the top of those who have seen the biggest increases in their wealth this year, surpassing Indian steel magnate Gautam Adani and Nvidia CEO Jensen Huang.
Zuckerberg’s bloated net worth coincides with the decline in wealth of the richest man in the world, Elon Musk, who has seen his wealth decline by more than anyone else in 2024 so far. His net worth has decreased by $24.2 billion so far this year, following a sharp 24% drop in Tesla’s share price. Musk currently owns 13% of Tesla shares.
Zuckerberg, along with other billionaires such as Warren Buffett and Bill Gateshas promised to donate 99% of his wealth.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
