Mark Zuckerberg becomes 2nd richest person, surpasses Jeff Bezos

Meta Ceo

Mark Zuckerberg becomes the second-richest person surpassing Jeff Bezos. According to the

Bloomberg Billionaires Index

2024, the net worth of Zuckerberg has reached approx $206.2 billion overtaking Jeff Bezos $205.1 billion.
Interestingly, Mark Zuckerberg has also now exceeded the GDP of Kuwait that is $160.4 billion. He is now trailing the Tesla CEO by about $50 billion.

The Bloomberg Billionaires Index ranks one of the world’ wealthiest individuals daily updates. In 2024, Zuckerberg saw his wealth increase by $78 billion, the largest growth among the 500 richest people tracked by Bloomberg. He owns a 13% stake in Meta, headquartered in Menlo Park, California, which has significantly boosted his position on the wealth index this year.

Meta’s major turnaround by stock surge and strong investor confidence

In 2024, Meta’s shares surged nearly 70% owing to his rising personal wealth and fueling investors optimistically. This marks a major turn for the company, which laid off 21,000 employees in late 2022 as part of Zuckerberg’s cost-cutting strategy—a move seen as pivotal to Meta’s recovery.

Despite its substantial investments in virtual and augmented reality, investor confidence in Meta remains high. Its core advertising business continues to thrive, and Zuckerberg, at 40 years old, has moved up four places on the wealth index this year. Meta continues to invest heavily in data centres and computing power to lead the AI industry. The company is also advancing with projects like its Orion augmented reality glasses, launched last month. At present, Meta is spending millions of dollars in artificial intelligence, basically augmented reality.

Mark Zuckerberg legacy

Earlier, Mark Zuckerberg shared his vision for Meta’s long-term future with a hope to shape a legacy that would last for 100 long years. Meta continues to be a technology company 20 to 30 years from present. According to him, primarily, he is focussed on the underlying technology platform and focus to continue this for long. He also emphasised that he hopes people will look back and recognize the company for taking bold initiatives that helped push the industry forward.
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