HomeTechnology NewsMark Zuckerberg is now worth $200 billion, entering the world’s most exclusive club
Elon Musk retains the top position with a net worth of $265 billion, while Jeff Bezos trails closely behind at $216 billion.
By Pihu Yadav September 25, 2024, 1:56:07 PM IST (Published)
Meta Platforms co-founder and CEO Mark Zuckerberg has joined the ranks of the world’s most elite individuals with a net worth of $200 billion, according to Bloomberg’s Billionaires Index.
He now stands alongside Amazon founder Jeff Bezos and Tesla CEO Elon Musk, who are the only other individuals globally to surpass the $200 billion mark in net worth.
Zuckerberg’s wealth has surged by $72.2 billion this year, raising his total net worth to $200 billion. Following him, Nvidia CEO Jensen Huang has seen the second-largest increase in net worth, amassing an additional $58 billion. Despite this growth, Elon Musk retains the top position with a net worth of $265 billion, while Jeff Bezos trails closely behind at $216 billion.
At the start of this year, the only other individual with a net worth of $200 billion was
Bernard Arnault, CEO of LVMH. However, shares of his luxury conglomerate have fallen nearly 16% this year, reducing his estimated wealth by $30 billion, bringing it down to $177 billion.
According to the Billionaire Index, the majority of Zuckerberg’s fortune is derived from a stake of about 13% in Meta, based on a July 2024 filing.
Meta, which is the parent company of social media platforms like Facebook, Instagram and WhatsApp, generated a revenue of $134.9 billion in 2023 and
has about 4 billion monthly users.
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