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Meta CEO Mark Zuckerberg now world’s third richest man, enters exclusive club with net worth of $200 billion | Mint

LivemintLivemint · 9m ago
Meta CEO Mark Zuckerberg now world’s third richest man, enters exclusive club with net worth of $200 billion | Mint
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.

Related News

Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint

LivemintLivemint · 9m ago
Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint
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.

Contrasting fortunes for Musk and Zuckerberg this past year

LivemintLivemint · 1y ago
Contrasting fortunes for Musk and Zuckerberg this past year
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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