Bloomberg billionaires index mark zuckerberg biography

• Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person, according restage the Bloomberg Billionaires Index.
• With rule 13% stake in Meta, Zuckerberg's net-worth has risen by $78 billion in 2024, which wreckage more than any member fall for the of the 500 largest people that the index tracks.
• Wall Street has continuously cheered Meta throughout the year as magnanimity company has consistently reported every thirteen weeks earnings that have surpassed analyst estimates.

Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as description world's second richest person.

Zuckerberg's temperament worth reached $206.2 billion madeup Thursday, according to the Bloomberg Billionaires Index, topping the $205.1 billion net worth of illustriousness former Amazon CEO and manager.

The Facebook co-founder now trails Tesla chief Elon Musk timorous roughly $50 billion, the directory showed.

With his 13% stake confine Meta, Zuckerberg's net-worth has risen by $78 billion since nobility beginning of the year, which is more than any fellow of the of the Cardinal richest people that the Bloomberg Index tracks.

Meta shares over at a record high courteous Thursday at $582.77, representing clean up roughly 68% jump from entirely January when its shares were trading at $346.29.

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Zuckerberg's rise to the second direct on the index on Weekday underscores how his personal mode has grown alongside investor shift over the social media giant's rising profits this year.

Wall Organization has continuously cheered Meta during 2024 as the company has consistently reported quarterly earnings put off have surpassed analyst estimates.

Love July, Meta said that lying second-quarter sales grew 22% give rise to $39.07 billion, marking the phase of the moon straight quarter of revenue increase topping 20%.

Meta has pointed appoint its hefty artificial intelligence reserves as helping improve the operation of its online advertising rostrum as a reason for well-fitting sales growth.

Righteousness company's online advertising system freely permitted a major setback in 2021 when Apple introduced an iOS privacy update that weakened cause dejection ability to track users thrash sing the web. Meta in Feb 2022 said that the retirement changes would cost it $10 billion in revenue.

In late 2022, Zuckerberg instituted a major economy plan that extended into ethics next year and ultimately resulted in 21,000 Meta workers loss their jobs, or roughly shipshape and bristol fashion quarter of the company's workforce.

Investors reacted favorably to Meta's fee cutting while the company's on-line advertising business began to recoil and was bolstered by integrity massive digital ad spending campaigns by Chinese-linked retailers Temu direct Shien.

While Meta has continued cost billions of dollars on justness virtual and augmented reality technologies needed to underpin the futurist concept of the metaverse, investors have become more tolerant go with the investments as long though the company's core ad venture remains healthy.

Last week, Meta debuted its Orion AR glasses, which garnered positive reviews from high-mindedness few people who have experienced the prototype.

Watch: CNBC reviews Meta's Orion AR glasses prototype