Meta Platforms co-founder and CEO Mark Zuckerberg has achieved a significant milestone, reaching a net worth of $200 billion, according to Bloomberg’s Billionaires Index. This places him among the world’s elite, joining Amazon founder Jeff Bezos and Tesla CEO Elon Musk as the only individuals to surpass this figure.
Currently, Elon Musk leads the pack with a net worth of $265 billion, followed by Jeff Bezos at $216 billion. Zuckerberg’s wealth, primarily derived from his approximately 13% stake in Meta, has surged by $71.8 billion in 2024 alone. This increase reflects the substantial rise in Meta’s stock, which has jumped nearly 60% since January, reaching over $560 per share.
Meta, the parent company of major social media platforms like Facebook, Instagram, and WhatsApp, reported revenues of $134.9 billion in 2023 and boasts around four billion monthly users. As investors continue to buy into the stock, Meta trades at approximately 24 times forward earnings, aligning with its 10-year average.
Zuckerberg’s recent financial success coincides with the kickoff of Meta’s annual Connect conference, where the company is expected to unveil its first augmented-reality glasses and introduce updates to its virtual-reality and artificial intelligence (AI) products. Among these updates is a new feature that allows users to select voices for Meta’s chatbot, including those of celebrities like Judi Dench and John Cena.
Zuckerberg has been strategically steering Meta towards immersive “metaverse” technologies, with augmented reality positioned as a key focus for the company’s future.
