According to the Bloomberg Billionaires Index, Meta CEO Mark Zuckerberg surpassed Jeff Bezos to become the second richest person in the world with a net worth of $206.2 billion. Mark Zuckerberg surpassed Jeff Bezos, the former CEO and president of Amazon, whose net worth was $205.1 billion with. The index revealed that the co-founder of Facebook is currently trailing Tesla CEO Elon Musk by nearly $50 billion.
Mark Zuckerberg Becomes Second Richest Person In World 
Mark Zuckerberg, who owns a 13% stake in the company based in Menlo Park, California, has seen his wealth rise by $78 billion this year and moved up four places on the wealth index this year.
Mark Zuckerberg’s net worth has increased by $78 billion in 2024, more than any other member of the Bloomberg Index’s 500 richest people.
How has 2024 been for Mark Zuckerberg
Mark Zuckerberg’s personal wealth growth and investor enthusiasm have contributed to a nearly 70% increase in Meta shares since the beginning of this year. Meta has frequently touted its investments in artificial intelligence (AI) as the reason for its expansion in sales.
This is a huge turnaround for the company, which laid off 21,000 workers at the end of 2022 as part of a major cost-cutting plan that Mark Zuckerberg implemented that investors believe helped the company recover.
How Is Investors are seeing Meta?
Despite Meta’s current expenditure of billions of dollars on virtual and augmented reality technologies, investors continue to back the company whose core advertising business continues to thrive. Meta’s Orion AR glasses were unveiled last week to favorable reviews.
About Meta
Facebook, Instagram, and the instant messaging services WhatsApp and Messenger are all owned by Meta, the social network’s parent company.
The “metaverse,” where users interact in virtual reality environments, is emphasized in the name. To promote the metaverse and rehabilitate the company’s image following widespread controversy over user privacy and the dissemination of false information, Facebook changed its name to Meta in October 2021
