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Wow! Meta Platforms CEO Mark Zuckerberg has just become the fifth richest person in the world after a huge jump in Meta’s share price. His net worth has skyrocketed more than any other individual in 2024, increasing by $14.3 billion so far, according to Bloomberg’s Billionaire Index.
Zuckerberg’s 13% stake in Meta
META,
+19.00%
is set to make his net worth boom even further in the coming days after a surge in the social media company’s shares. After declaring its first ever dividend and a big increase in revenues, Meta’s shares rose 15% in post-market trading on Thursday, increasing the company’s market cap by more than $140 billion to $1.17 trillion.
Meta shares have increased by 14% in 2024 and by 109% over the previous 12 months, and Zuckerberg, who already became the world’s youngest self-made billionaire aged 23, is set to receive $700 million a year in dividends from Meta. With a current net worth of $142 billion, Zuckerberg now sits behind Tesla
TSLA,
-1.44%
CEO Elon Musk ($205 billion) on the list of the world’s richest individuals.
So, as the world’s richest person, Elon Musk, has seen a drop in wealth more than any other individual in 2024, Zuckerberg is making history with his continuous increase in wealth. Want to read more about it? Check here.