Mark Zuckerberg’s wealth has seen a significant surge in 2024, increasing by $55.6 billion, bringing his total net worth to $184 billion, as reported by a source. This marks the largest growth among billionaires so far this year.
The CEO of Meta, has benefited from the company’s ongoing success and strategic developments in the tech space, driving his fortune to these heights.
Until recently, Nvidia CEO Jensen Huang led the list of year-to-date wealth gains, fueled by Nvidia’s remarkable stock performance. Nvidia’s stock skyrocketed 120% over the past year and an astounding 2,219% over the last five years.
However, a 13% dip in the stock this week dented Huang’s net worth. He holds a 3.5% stake in Nvidia, having sold hundreds of millions of dollars’ worth of shares in recent months.
Much of Mark Zuckerberg’s wealth is also tied to stock in Meta, the company he founded.
According to Meta’s April proxy statement, Zuckerberg owns about 345.5 million shares, including approximately 344 million Class B shares, which grant 10 votes per share. He controls 99.7% of this class, securing his influence over the company.
Meta’s stock has surged 49% this year, reaching $514 as of Friday, boosting Mark Zuckerberg’s net worth. His wealth, closely tied to Meta’s stock performance, has seen significant fluctuations.
In February, Zuckerberg’s fortune rose by $28 billion in a single day after Meta’s stock jumped 20% following a successful earnings report.
These gains have made Zuckerberg the third-richest person globally, behind only Elon Musk and Jeff Bezos. Musk, with a net worth of $251 billion, and Bezos, at $201 billion, have also seen their fortunes increase this year.
Despite stepping down as CEO in 2021, Bezos remains Amazon’s largest individual shareholder. Meta has not commented on these developments.
