Zuckerberg overtakes Bill Gates, becomes fourth richest person in the world
Updated: Feb 6th, 2024
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| Source: IANS |
Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in Meta’s share price that has increased his net worth more than any other individual this year, a report said.
In 2024 so far, Zuckerberg’s fortune has climbed by $42.4 bn, which has vaulted him to the fourth place on Bloomberg’s billionaire index. He has now overtaken Microsoft co-founder Bill Gates, who dropped to the fifth position, as per reports.
Zuckerberg now has a net worth of $170 bn. The majority of Zuckerberg’s fortune is derived from a stake of about 13% in Meta platforms, formerly Facebook, based on the company’s 2023 proxy statement and regulatory filings, as per the Bloomberg billionaires index.
Zuckerberg is the co-founder and chief executive of Meta platforms, the company behind Facebook, the world’s largest social-network.
The Menlo Park, California-based business had a revenue of $117 bn in 2022 and has about 3.7 bn monthly users. Its initial public offering in 2012 was the biggest-ever technology IPO at the time.
Facebook is the world’s largest social network. Meta Platforms has about 3.7 bn active users each month, including about 3 bn on Facebook, according to a Jan 2023 company presentation.
(Source: IANS)
-Edited for style
