Meta co-founder Mark Zuckerberg surged to become the third richest person in the world on Friday, surpassing Amazon’s Jeff Bezos, following a strong week of gains for Meta’s stock, which saw an increase of over 5%.
Key Highlights:
- Zuckerberg’s wealth reached an estimated $205.4 billion, climbing by $3.9 billion in a single day, pushing him ahead of Bezos, whose net worth stands at $203.9 billion.
- Zuckerberg is now close to Oracle’s Larry Ellison, the second richest person with a fortune of $208 billion, but still trails far behind Tesla and SpaceX CEO Elon Musk, who tops the list with a net worth of $264 billion.
- Meta’s stock price saw a 2% rise on Friday, closing at $595.94, up from $567.15 at the start of the week. Tesla shares also rallied, leading the day’s market gains with a 4% increase to $250.08.
Background:
This week, Zuckerberg achieved multiple milestones in terms of wealth. On Thursday, he crossed the $200 billion mark, marking the first time in history that four billionaires—Musk, Ellison, Bezos, and Zuckerberg—were all worth $200 billion or more.
Zuckerberg’s wealth is tied directly to Meta’s performance, as the 40-year-old owns a 13% stake in the company through 345 million Class A and B shares. Meta’s stock has skyrocketed more than 68% this year, up from $346.29 in January.
SOURCE: Forbes
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