This year, Mark Zuckerberg, CEO of Meta, became $40 billion richer. Meta shares are showing record growth, with their market value rising to $1.78 trillion. UNN reports this with reference to Business Insider.
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"This year, Mark Zuckerberg has become $40 billion richer," the report says.
Shares of the Facebook and Instagram owner have risen by more than 17% this year due to investor enthusiasm for its AI ambitions. In 12 sessions, Meta's value has increased by $235 billion, bringing the company to a valuation of almost $1.8 trillion.
Zuckerberg's current net worth is $248 billion, just $12 billion behind Amazon founder Jeff Bezos, who added $21 billion to his fortune this year, according to the Bloomberg Billionaires Index.
Both of them are behind Tesla and SpaceX CEO Elon Musk, whose fortune is $424 billion, but ahead of Oracle's Larry Ellison and LVMH CEO Bernard Arnault, who have $194 billion and $191 billion, respectively.
The Meta CEO first took second place in October 2024, when his fortune was only $206 billion. Since then, Tesla shares have risen sharply, helping Musk widen the gap between his closest competitor.
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Addendum
Meta is in talks to reincorporate outside of Delaware in the US, becoming the latest tech group to explore leaving a state long considered an American corporate haven.