Zuckerberg reaches $201 billion in 2024, nearing third-richest spot

In 2024, Mark Zuckerberg's wealth surged by $73.4 billion, bringing his total net worth to $201 billion, according to Bloomberg's Billionaire Index. This remarkable increase has positioned him as the fourth richest individual globally, joining an exclusive group of billionaires with fortunes exceeding $200 billion. The other members of this elite club include Elon Musk, Jeff Bezos, and Bernard Arnault, who hold the top three spots. Much of Zuckerberg's wealth is linked to the performance of Meta Platforms stock, which has seen a significant rise of nearly 64% this year. On a recent trading day, Meta shares reached a record high of $568.31, reflecting strong investor confidence in the company. Zuckerberg, who founded Facebook in 2004, has been actively involved in expanding Meta's offerings, which include popular platforms like Instagram and WhatsApp. During the Meta Connect 2024 event, he highlighted the rapid growth of Meta AI, which is on track to become the most widely used assistant globally, with nearly 500 million monthly active users. This growth is particularly notable as the service has not yet launched in several major markets, including parts of the European Union. The tech industry has seen a broader trend of increasing wealth among its leaders, with other notable figures like Jensen Huang of Nvidia and Larry Ellison of Oracle also experiencing substantial gains in their net worth this year. This surge in wealth among tech moguls reflects the ongoing recovery and growth in the technology sector, driven by innovation and increased demand for digital services. Overall, Zuckerberg's financial ascent underscores the significant impact of technology companies on the global economy and the shifting landscape of wealth distribution among the world's richest individuals.