Zuckerberg Joins the $200 Billion Club Being in the Top 3 Richest Individuals and Solidifies His Place Among Tech Titans

Mark Zuckerberg, co-founder and CEO of Meta Platforms, has officially reached a staggering net worth of $200 billion, placing him in the elite circle of the world’s wealthiest individuals. He now stands alongside Amazon’s Jeff Bezos and Tesla’s Elon Musk, who are among the only three people globally to have crossed this financial milestone.

Elon Musk continues to hold the top spot with a net worth of $265 billion, while Jeff Bezos follows with $216 billion. The Billionaire Index attributes the bulk of Zuckerberg’s fortune to his 13% stake in Meta, according to a filing from July 2024. Meta, the parent company of platforms like Facebook, Instagram, and WhatsApp, reported $134.9 billion in revenue in 2023 and boasts around four billion monthly active users.

In 2024 alone, Zuckerberg’s net worth grew by an impressive $71.8 billion, positioning him ahead of other tech luminaries like Oracle’s Larry Ellison and former Microsoft executives Bill Gates and Steve Ballmer. His wealth is largely tied to Meta’s approximately 345.5 million shares, representing his 13% ownership in the company.

This surge in Zuckerberg’s fortune has been driven by a meteoric rise in Meta’s stock, which has climbed nearly 60% since the start of the year, reaching unprecedented levels of over $560 per share. Investors remain confident in Meta’s long-term potential, with the company currently trading at about 24 times its forward earnings, in line with its decade-long average and slightly below the 26-times ratio for the Nasdaq 100.

Meta recently kicked off its annual Connect conference at its California headquarters, where the company is set to unveil its first augmented-reality glasses, alongside updates to its virtual reality and artificial intelligence products. Among the AI advancements is a feature allowing users to choose different voices for Meta’s chatbot, including celebrity impersonations of figures like Judi Dench and John Cena.

Zuckerberg’s dedication to augmented reality has been years in the making. Back in 2021, he began steering Meta toward the development of immersive metaverse systems, aiming to make AR technology a crowning achievement for the world’s largest social media empire.

Have you read?
Best CEOs.
Best Companies.
Richest People (Billionaire).
Richest Women (Billionaire).
Richest in Each Country (Billionaire).