Mark Zuckerberg became the second richest person in the world
The CEO of Meta World Mark Zuckerberg took the place of the second richest person in the world from Jeff Bezos as the shares of Meta rose with the height.
The US-based billionaire who founded Facebook (Meta) in 2004, has become the second richest person. He is only behind Tesla CEO Elon Musk who has a net worth of $256 Billion. In the latest Bloomberg Billionaires Index the net worth of the Meta owner crossed the mark of $206.2 billion on Friday 4th October 2024. He surpasses Amazon CEO Jeff Bezos by $1.1 Billion.
The Company that owns Facebook, Instagram, and WhatsApp has raised in share price by 23% since the reporting and it is better than the second quarter sales. On Thursday the share price of Meta was at an all-time high of $ 582.77.
Mark Zuckerberg surpasses all the legends.
The person who has a 13% stake in the Meta has recently surpassed all the billionaires in terms of the growth rate in terms of wealth. The CEO has an increase of $78 billion in 2024 which makes him the second richest person in the world. He has 345 million shares of the Meta which makes him an important part of the Meta industry.
Also read: Broadcom in Magnificent 7: How Broadcom Knocked Out Tesla
Reasons for the Boost of Net Worth of Meta Owner
It is important to find out the possible reasons for the growth in the net worth of Mark Zuckerberg who tends to become the second richest person in the world.
The reasons are-:
Rise in the shares of the Meta
The biggest reason is the record high in the share value of Meta as compared to the January share was just $346.29 with an increase of nearly 70% hike and closed at $582.77. The reason for the rise in the share is the growth of Meta platforms in the market.
Shares hold by the CEO
The CEO of Meta holds a 13 % stake in Meta which means 345 million numbers of shares of Meta. That directly makes him the owner of a major share. Recently an increase of $78 billion which makes his net worth $ 206.2 billion.
Rising in the Users
The users are the important reasons for the growth in the value of Meta, recently 3.27 million users are using one of the platforms (Facebook, Instagram, or WhatsApp) which has increased as compared to the previous quarter (3.24 million).
Diversification
In the fast-moving world, it is important to do something that can make you sustainable in the market. The Meta diversify its platforms like Facebook, WhatsApp, Instagram, Threads etc. These all have different uses and vast numbers of users.
World Top 10 Richest Persons in the World
It is important to know the latest list of billionaires after Mark Zuckerberg took the place of Jeff Bezos. The updated list is given below as per the Bloomberg Billionaire Index the ranking is as follows -:
- Elon Musk with $256B
- Mark Zuckerberg with $206B
- Jeff Bezos with $205B
- Bernard Arnault with $193B
- Larry Ellison with $179B
- Bill Gates with $161B
- Larry Page with $150B
- Steve Ballmer with $145B
- Warren Buffett with $143B
- Sergey Brin with $141B
Note- The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The list is as per the data on 04th October 2024.
Conclusion
Being popular and the richest person is not easy, Mark Zuckerberg has done this by becoming the world’s 2nd richest person on 4th October 2024 by overpassing Amazon CEO Jeff Bezos. The net worth of this Meta CEO has increased by $78 billion which means a net worth of $206.2 billion. The Meta Share price also ended at an all-time high of $582.77. The growth is an example of dedication to rapid technology growth.
