Mark Zuckerberg crosses the $200 billion mark

He now enters the elite club of global billionaires

His net worth has surged to $201 billion

Meta CEO Mark Zuckerberg has officially crossed the $200 billion mark, entering the elite club of global billionaires. According to Bloomberg’s Billionaire Index, his net worth has surged to $201 billion, making him the fourth-richest individual worldwide. Zuckerberg now trails behind Amazon founder Jeff Bezos ($211 billion), LVMH chairman Bernard Arnault ($207 billion), and the world’s richest person, Tesla CEO Elon Musk, who holds a staggering $272 billion.

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Zuckerberg’s significant wealth increase is primarily tied to his 13% stake in Meta, which comprises around 345.5 million shares. In 2024 alone, his fortune has grown by $73.4 billion, driven by Meta’s stock price soaring nearly 60% since January. Shares are currently trading at record highs of over $560, buoyed by strong investor interest and a company valuation trading at 24 times its forward earnings.

This financial leap has seen Zuckerberg surpass other tech moguls such as Oracle co-founder Larry Ellison and former Microsoft CEOs Bill Gates and Steve Ballmer. At the recent Meta Connect 2024 event, Zuckerberg announced bold plans for Meta’s AI initiatives, forecasting that Meta AI could become the world’s most popular virtual assistant, with nearly 500 million monthly active users already.