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Meta CEO Mark Zuckerberg now world’s third richest man, enters exclusive club with net worth of $200 billion | Mint
Livemint
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10m ago
Medial
Mark Zuckerberg, co-founder and CEO of Meta Platforms, has achieved a net worth of $200 billion, making him one of the world's wealthiest people. He joins the ranks of Jeff Bezos and Elon Musk, the only other individuals with over $200 billion in net worth. Zuckerberg's wealth primarily comes from his 13% stake in Meta, the parent company of popular social media platforms like Facebook and Instagram. Meta generated $134.9 billion in revenue in 2023 and has around four billion monthly users. Zuckerberg's net worth grew by $71.8 billion in 2024, surpassing other tech moguls like Larry Ellison, Bill Gates, and Steve Ballmer. The recent surge in Meta stock prices has contributed to his wealth growth. Meta's annual Connect conference unveiled new products, including augmented-reality glasses and updates to virtual-reality and artificial intelligence offerings, such as the ability to customize the voice of Meta's chatbot.
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Related News
Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
Internet
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10m ago
Medial
Mark Zuckerberg, CEO of Meta, has joined the $200 billion club after increasing his wealth by $73.4 billion in 2024, bringing his total to $201 billion. He is now the fourth richest person globally, behind Elon Musk, Jeff Bezos, and Bernard Arnault. Meta's stock has surged 64% in 2024, contributing significantly to Zuckerberg's fortune. At the Meta Connect 2024 event, Zuckerberg highlighted Meta AI's success, noting nearly 500 million monthly users, with further growth expected in larger markets. Other tech moguls, like Jensen Huang (Nvidia) and Larry Ellison (Oracle), have also seen substantial gains in their wealth this year.
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Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint
Livemint
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9m ago
Medial
- Mark Zuckerberg's net worth has increased by $74.7 billion in 2024, making him the world's third-richest person with a net worth of $203 billion. - Jensen Huang, CEO of NVIDIA, has seen his net worth grow by $60 billion this year, making him the 14th-richest person globally with a net worth of $104 billion. - Oracle CTO Larry Ellison's net worth has increased by $57 billion in 2024, making him the fifth-richest person in the world with a net worth of $180 billion. - Elon Musk's net worth has grown by $33 billion this year, placing him fourth on the list of Year to Date growth in wealth. - Mark Zuckerberg sees Meta as a technology company that will continue to focus on building the underlying technology platform rather than just being an app company. He aims for Meta to create impressive innovations and push the industry and world in different directions.
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In billionaire cage fight new round, Elon Musk is once again richer than Mark Zuckerberg
Economic Times
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1y ago
Medial
Elon Musk has reclaimed his position as the world's third-richest billionaire from Mark Zuckerberg, following a significant $18 billion drop in Zuckerberg's wealth due to a 11% decline in Meta Platforms Inc. shares. Musk's fortune increased to $184 billion as Tesla shares surged, capitalizing on new vehicle pricing strategies and ongoing interest in AI and electric vehicles.
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Mark Zuckerberg fifth richest person in the world following surge in Meta share price
Economic Times
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1y ago
Medial
Mark Zuckerberg has become the fifth richest person in the world as the share price of Meta (formerly Facebook) surges. This increase in wealth has propelled Zuckerberg's ranking among the world's wealthiest individuals.
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Contrasting fortunes for Musk and Zuckerberg this past year
Livemint
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1y ago
Medial
Elon Musk and Mark Zuckerberg have had a long-standing rivalry, with Musk recently surpassing Zuckerberg to become the world's richest man. However, in the past year, Zuckerberg's net worth has tripled while Musk's has shrunk. Part of this decline is attributed to the shrinking market cap of Musk's companies, Tesla and SpaceX. Meanwhile, Zuckerberg's Meta Platforms has seen a significant increase in market capitalization. Tesla's drop in market cap is partly due to disappointing financial performance, increased competition, and price cuts. Meta has faced challenges with ad revenues and a decline in users for its new platform, Threads. However, Meta still owns top social media platforms and has reported revenue growth in recent quarters.
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Mark Zuckerberg's Meta loses $3 billion after Instagram, Facebook global outage
Livemint
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1y ago
Medial
Yesterday, Meta's social media platforms experienced a global outage that lasted for over 30 minutes, affecting billions of users worldwide. The outage resulted in an estimated loss of $3 billion for Meta. Mark Zuckerberg, the CEO of Meta, lost around $2.79 billion in a day, but still remains the world's fourth-richest person. The outage also affected WhatsApp Business, with approximately 200 reports of outages. During the outage, Elon Musk took the opportunity to take a jab at Meta. This incident follows Meta's strong financial performance in February, which increased Zuckerberg's net worth by $27.1 billion.
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Mark Zuckerberg reveals Meta’s AI roadmap for 2025, pledges to ’extend American technology leadership’ | Mint
Livemint
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6m ago
Medial
Meta CEO Mark Zuckerberg has announced the company's AI ambitions for 2025, focusing on Llama 4, an advanced large language model. Meta AI, available on services like WhatsApp and Instagram, aims to serve over 1 billion users, up from 600 million last year. To support this, Meta is building a massive data center and expanding its AI teams with a $60-65 billion investment. Zuckerberg emphasizes that this initiative will enhance American tech leadership.
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Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?
Economic Times
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1m ago
Medial
Larry Ellison of Oracle has overtaken Jeff Bezos to become the second richest person in the world. Ellison's net worth soared by $26 billion to $243 billion after Oracle reported stronger-than-expected earnings, surpassing Bezos and Mark Zuckerberg. Bezos first became the second richest in 2017 but lost the title to Zuckerberg in 2024. Currently, Elon Musk maintains the top position with a net worth of $407 billion.
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Mark Zuckerberg moves ahead of Elon Musk on richest person list as Tesla falters
Business Insider
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1y ago
Medial
Mark Zuckerberg has climbed to become the third richest person on the Bloomberg Billionaires Index with a reported net worth of $187 billion. Meanwhile, Elon Musk, the Tesla CEO, has fallen to fourth place with a fortune of $181 billion. This comes as Tesla reported its first year-over-year sales drop in nearly four years and its stock is down more than 34% since the start of 2024. Zuckerberg, who has an additional $30 billion in the bank, is nearing the wealth of Amazon founder Jeff Bezos, who is currently in second place on the index.
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Senator tells Mark Zuckerberg his product is 'killing people' at child safety hearing
Business Insider
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1y ago
Medial
During a heated Senate hearing on online child safety, Meta CEO Mark Zuckerberg was told by Senator Lindsey Graham that their product is "killing people." Graham accused Zuckerberg and other tech companies of having "blood on their hands" and highlighted the case of a man whose son died by suicide after being targeted in a "sex extortion ring" on Instagram. The hearing also addressed the issue of online abuse and child exploitation on Meta's platforms, with the New Mexico Attorney General filing a lawsuit against the company for facilitating child pornography and soliciting minors for sex.
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