Mark Zuckerberg’s net worth climbs $200 Billion

• Published On: 25 September 2024 at 17:33

Mark Zuckerberg's net worth has risen to $200 billion, putting him in an elite group of billionaires in the United States.

According to the Bloomberg Billionaires Index, Meta Platforms' CEO's fortune increased by $1.06 billion from the previous trading day and a staggering $72.2 billion since the start of the year.

This achievement places Zuckerberg in the elite company of only two other billionaires whose personal fortunes exceed $200 billion.

Tesla CEO Elon Musk, the world's richest person, had a net worth of $265 billion on Monday, according to the Bloomberg Billionaires Index.

Amazon founder Jeff Bezos was second, with a net worth of $216 billion.

Much of Zuckerberg's personal fortune stems from his stake in Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Threads.

The company's stock price has risen nearly 62.5% year to date, resulting in a market capitalization of $1.42 trillion as of Tuesday.

According to an Informa Connect Academy report published earlier this month, Zuckerberg could become a trillionaire by the start of the next decade, based on his net worth's average annual growth rate.

However, the organization identified Musk as the "clear favourite" to reach a trillion-dollar net worth before any other billionaire, with the potential to do so by 2027, according to Informa Connect Academy.