Zuckerberg earns massive $106 billion to become member of elite group

Watch out, Jeff Bezos and Bernard Arnault. It seems like Mark Zuckerberg is quickly catching up to you. According to recent reports from Bloomberg's Billionaire Index, Zuckerberg has added an astounding $73.4 billion to his personal fortune in 2024, bringing his total net worth to $201 billion.

This has landed the Meta CEO as the fourth richest person in the world, joining an exclusive group of only three other individuals with a net worth of over $200 billion. It's no surprise that the other members of this elite club are none other than Tesla and X CEO Elon Musk, Amazon founder Jeff Bezos, and luxury brand LVMH CEO Bernard Arnault.

Zuckerberg, who launched Facebook in 2004, owes much of his wealth to his stock in Meta Platforms. In fact, Meta's stock has seen a massive growth of almost 64% this year. On Wednesday, Meta's shares reached a record high of $568.31, before dipping slightly to $567.36 on Friday.

As the operator of popular social media platforms such as Facebook, Instagram, and Threads, as well as the instant messaging app WhatsApp, Meta has become a household name. At the Meta Connect 2024 event on Wednesday, Zuckerberg proudly announced that Meta AI is on track to become the most widely used assistant in the world.

"We are close to reaching 500 million monthly users, and we haven't even launched in some of the larger European countries yet," said Zuckerberg. It's clear that Meta's popularity and success continue to soar.

But Zuckerberg isn't the only tech mogul to see a significant increase in their fortune this year. Jensen Huang, CEO of Nvidia, and Larry Ellison, co-founder of Oracle, have also experienced a significant surge in their net worths, with a growth of $62.2 billion and $58.6 billion, respectively. It's an exciting time for the tech industry and its leaders, and it will be interesting to see what the future holds for these innovative minds.

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