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Mark Zuckerberg is now the second richest person in the world, surpassing Amazon founder Jeff Bezos, as the Meta CEO’s personal wealth has grown to its highest level ever, according to Bloomberg.
He knocked Bezos out of that spot on the Bloomberg Billionaires Index on Thursday after his net worth rose more than $3 billion to $206.2 billion.
Mark Zuckerberg, CEO of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, on September 27, 2023. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)
Bezos moved into third-richest place with $205 billion, according to the index.
Jeff Bezos attends the 10th LACMA Art+Film Gala presented by Gucci at the Los Angeles County Museum of Art on November 06, 2021 in Los Angeles, California. (Axelle/Bauer-Griffin/FilmMagic/Getty Images)
Bloomberg linked Zuckerberg’s actions to the operations of Meta Platforms, the parent company of the social media company he co-founded in 2004, Facebook, and the platforms Instagram, Whatsapp and Threads.
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Meta shares are up 69% year to date.
Meta Platforms is the parent company of social media site Zuckerberg founded in 2004, Facebook, as well as platforms Instagram, Whatsapp and Threads. (REUTERS Photos/Dado Ruvic/Illustration/Reuters)
It generated $75.5 billion in revenue in the first half of the year, including $39.07 billion in the second quarter. Meanwhile, its net profit for the first two quarters was $25.83 billion.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| META | META PLATFORMS INC. | 582.77 | +9.96 |
+1.74% |
Meta is expected to release its third quarter earnings in late October.
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Before becoming the second-richest person, the tech billionaire achieved another wealth-related feat in late September, Bloomberg reported. Zuckerberg’s fortune rose to more than $ 200 billion on September 23. That, according to the outlet, was reached only by two other people in the US: Bezos and Tesla CEO Elon Musk.
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Musk, worth $256 billion, holds the title of the world’s richest person, according to Bloomberg.
Elon Musk arrives at the 10th Annual Achievement Award Ceremony at the Center for the Motion Picture in Los Angeles, California, on April 13, 2024. (Photo by ETIENNE LAURENT/AFP via Getty Images / Getty Images)
A report from Informa Connect Academy predicted in September that Musk could become the first billionaire in the next few years.