The CEO of Meta, Mark Zuckerberg, has surpassed Jeff Bezos to become the second richest person in the world. The Bloomberg Billionaires Index says that Zuckerberg is now worth $206.2 billion. His wealth grew by $78 billion in 2024 alone. The main cause of this was Meta’s stock, which gained 68% to a record high of $582.77.
Meta’s stock price increased due to the company’s excellent reducing expenses and earnings reports, which gave investors greater confidence.
Additionally, Meta has made important investments in AI, which have proved profitable. The business’s market value has also increased due to a robust comeback in its internet advertising division.
Zuckerberg has risen in the list of the richest people in the world because of all of these generates. He now only follows back Elon Musk, the CEO of Tesla, by about $50 billion.
Musk is still the richest person in the world, but the distance between them has shrunk, demonstrating how much Meta has developed and improved in recent years. Zuckerberg’s ascent shows Meta’s effective cost-cutting and investment strategies in modern technologies like artificial intelligence.
