Meta CEO Mark Zuckerberg has overtaken Amazon founder Jeff Bezos to claim the title of the world’s second-richest person.
According to the latest Bloomberg Billionaires Index, his net worth reached an impressive $206.2 billion in 2024, surpassing Bezos’ $205.1 billion.
Zuckerberg now stands just behind Tesla and SpaceX CEO Elon Musk in the pecking order of global rich persons.
Musk holds the top spot with a net worth of approximately $50 billion more than Zuckerberg.
Zuckerberg’s wealth surged by $78 billion in 2024, more than any other individual tracked by Bloomberg’s index of the world’s 500 wealthiest people.
The jump in his fortune is because of the surge in Meta’s share price this year, which soared by nearly 70 per cent since the beginning of the year.
“Mark Zuckerberg has seen his fortune grow $78 billion so far this year, making him one of the biggest gainers of 2024,” Bloomberg reported.
The Meta founder, who owns a 13 per cent stake in the Menlo Park-based company, also climbed four spots in the billionaire rankings over the course of the year.
The remarkable rise in the CEO’s wealth comes as Meta has turned around its fortunes in 2024, thanks to key strategic decisions and strong performance in its core ad business.
Investors have been particularly enthusiastic about Meta’s heavy investments in artificial intelligence (AI), which have contributed to significant revenue growth.
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