Meta's Chief Executive Officer (CEO) Mark Zuckerberg has been the richest person in the world till now during 2024.
According to a Bloomberg report, Facebook founder and CEO of Meta, Mark Zuckerberg has overtaken Bill Gates to become the fourth richest person in the world.
Meta's fourth-quarter earnings report beat expectations, adding more than $28 billion to Mark Zuckerberg's fortune in a single day.
After this increase, Mark Zuckerberg's net worth reached $170 billion, making him the fourth richest person in the world.
Microsoft co-founder Bill Gates has moved to 5th place with $145 billion.
It should be noted that Mark Zuckerberg has gone far down in the list of the richest people in the world some time ago.
In 2022, Mark Zuckerberg committed to the development of the Metaverse, which had a huge financial loss.
In fact, at one point, his wealth dropped by more than $100 billion and he dropped out of the top 10 richest people in the world.
Mark Zuckerberg's wealth dropped below $35 billion in 2022 as Meta's share price fell sharply at that time.
But in 2023, Mark Zuckerberg took steps to reduce the costs of the meta platform while focusing on the real world.
These initiatives have proven to be good for the company so far and Mark Zuckerberg's wealth has increased by $42.4 billion this year.
Mark Zuckerberg owns 12.8 percent of Meta's shares and his wealth also depends on it.
Along with Mark Zuckerberg, Meta's market value has also increased significantly during this year.
Meta's market value has crossed $1200 billion and the company's profit has tripled during the October-December 2023 quarter.
Considering the record rise in Meta's shares, the company has also decided to give Mark Zuckerberg $700 million over a year as dividend.
It should be noted that Elon Musk is the richest person in the world with 205 billion dollars, but Amazon founder Jeff Bezos is in second place with 197 billion dollars and apparently can claim the honor of becoming the richest person in the world once again. .
France's Bernard Arnault is the third richest person in the world with $185 billion.