Mark Zuckerberg has made more money this year than anyone else in the world following surge in Meta’s share price
Meta Platforms CEO Price Zuckerberg is now the fifth richest particular person within the field following a surge in Meta’s share designate that has considered his accumulate worth amplify more than another particular particular person this year.
In 2024 to this level, Zuckerberg has already considered his accumulate worth amplify by $14.3 billion, in movements which grasp set up him in fifth set up on Bloomberg’s Billionaire Index, earlier than aged Microsoft CEO Steve Ballmer and within the abet of Microsoft co-founder Bill Gates.
Zuckerberg, who owns a 13% stake in Meta
META,
is now attach to glance his accumulate worth increase even additional over the approaching days, on the abet of a surge in shares within the social media firm he first prepare in 2004 while a student at Harvard University.
Shares in Meta increased 15% in post-market trading on Thursday following the Facebook owner’s decision to originate uncover its first ever dividend on the abet of a bright amplify within the firm’s revenues.
The surge in Meta’s share designate in out-of-hours trading on Thursday observed the firm’s market cap amplify by more than $140 billion, to $1.17 trillion.
Meta shares grasp increased by 14% in 2024 and by 109% over the outdated 365 days, with inventory within the California firm up 933% since Facebook’s preliminary public offering in 2012. Facebook modified its name to Meta Platforms in October 2021.
Zuckerberg, who modified into the field’s youngest self-made billionaire outdated 23 in 2007, is additionally attach to gain $700 million a year in dividends from Meta by job of his stake within the firm.
The will increase grasp considered the 39-year-ancient, who became born in White Plains, New York, ascend the ranks of Bloomberg’s Billionaire Index, which is now increasingly more dominated by U.S. tech billionaires.
With a accumulate worth of $142 billion, Zuckerberg now sits within the abet of Tesla
TSLA,
CEO Elon Musk ($205 billion), LVMH
MC,
CEO Bernard Arnault ($185 billion), Amazon
AMZN,
founder Jeff Bezos ($144 billion, and Microsoft
MSFT,
founder Bill Gates ($144 billion) on the list of the field’s richest people.
Good two people listed on the stay 10 — luxurious items rich particular person Bernard Arnault and Berkshire Hathaway
BRK.B,
CEO Warren Buffett — made their money outdoors the tech trade, while only the LVMH founder is from outdoors the U.S.
The fast-paced development in Zuckerberg’s accumulate worth observed him high the ranks of individuals who grasp made the sharpest will increase in their wealth this year, earlier than Indian steel magnate Gautam Adani and Nvidia
NVDA,
CEO Jensen Huang.
Zuckerberg’s bulging accumulate worth comes because the field’s richest particular person, Elon Musk, has considered his wealth drop by more than another particular particular person in 2024 to this level, in seeing his accumulate worth lower by $23.6 billion in 2024, following a bright 24% drop in Tesla’s share designate. Musk currently owns a 13% stake in Tesla.
Zuckerberg, alongside billionaires in conjunction with Warren Buffett and Bill Gates, has vowed to present away 99% of his wealth.