mark zuckerberg
– Photo: ANI
Expansion
Mark Zuckerberg on Thursday became the second richest person in the world for the first time. In terms of wealth, he left behind Amazon founder Jeff Bezos. This happened due to the continuous increase in the shares of meta platforms. Zuckerberg’s bet on the metaverse and AI, which was initially seen as a colossal failure, has proven successful in recent months.
Zuckerberg’s wealth reaches the highest level of $ 206.2 billion
Zuckerberg’s net worth reached an all-time high of $206.2 billion on Thursday, according to the Bloomberg Billionaires Index. This increase puts him $1.1 billion ahead of Amazon’s Bezos in terms of wealth. Now only Tesla’s Elon Musk is ahead of him in this matter. Whose wealth is about 50 billion dollars more than Zuckerberg.
World’s 10 richest people according to Bloomberg Billionaires Index
What is the reason for the increase in Mark Zuckerberg’s wealth?
Meta shares surged 23% after reporting better-than-expected second-quarter sales figures and a move toward bigger language models that power AI chatbots. The company’s shares closed at an all-time high of $582.77 on Thursday. Meta has spent heavily on data centers and computing power. Zuckerberg is working towards taking the lead in the AI race. The company has also started working on other long-term projects. These also include Orion Augmented Reality Glasses, which the company announced last month.
Zuckerberg’s wealth will increase by $78 billion in 2024
Zuckerberg, who holds a 13% stake in the Menlo Park, California-based company, has seen his wealth increase by $78 billion so far this year. This increase is the highest among the world’s 500 richest people tracked by the Bloomberg index. Zuckerberg, 40, has moved up four places on the wealth index this year.