Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta’s share price that has increased his net worth more than any other individual this year, a report said.
In 2024 so far, Zuckerberg’s fortune has climbed by $42.4 billion, which has vaulted him to the fourth place on Bloomberg’s Billionaire Index. He has now overtaken Microsoft Co-founder Bill Gates, who dropped to the fifth position, MarketWatch reported.
Zuckerberg now has a net worth of $170 billion. The majority of Zuckerberg’s fortune is derived from a stake of about 13 percent in Meta Platforms, formerly Facebook, based on the company’s 2023 proxy statement and regulatory filings, as per the Bloomberg Billionaires Index.
Zuckerberg is the Co-founder and Chief Executive of Meta Platforms, the company behind Facebook — the world’s largest social network.
The Menlo Park, California-based business had a revenue of $117 billion in 2022 and has about 3.7 billion monthly users. Its initial public offering in 2012 was the biggest-ever technology IPO at the time.
Facebook is the world’s largest social network. Meta Platforms has about 3.7 billion active users each month, including about 3 billion on Facebook, according to a January 2023 company presentation.
