Meta’s co-founder and CEO, Mark Zuckerberg, put his total net worth into the $200 billion club, courtesy of which he now enters the coveted $200 billion club.
So far, only Elon Musk has a net worth of over $200 billion, $272 billion, followed by Jeff Bezos with $211 billion and Bernard Arnault with $207 billion.
Mark Zuckerberg’s net worth has gained $73.4 billion in the current calendar year 2024, which is about 57.5 percent year-to-date, according to Bloomberg’s Billionaire Index.
It has positioned him as the world’s fourth richest person, behind Amazon founder Jeff Bezos, LVMH Chairman Bernard Arnault, and Tesla CEO Elon Musk.
He makes all this money because of his 13 percent ownership in Meta, which is around 345.5 million shares.
The stocks of Meta Platforms Inc., which owns the social media sites Facebook, Instagram, and Threads owned by Zuckerberg, have rallied 63.83 percent up to now in 2024. As of January 2, 2024, the company’s stock was at $346.29 a share, then skyrocketed to $567.36.
That intense interest in Meta has come from strong investors and a robust valuation- trading at about 24 times its forward earnings, just below the Nasdaq 100’s average ratio of 26 times.
Speaking at Meta Connect 2024 recently, Zuckerberg talked about the company’s plans for AI.
According to Meta AI, it will soon become the most widely used digital assistant, as nearly half a billion people use it every month. However, so far, Meta AI hasn’t even launched into major marketplaces such as the European Union.
