Mark Mahaney, Head of Internet Research at Evercore ISI, reveals key Big Tech stocks during an appearance on “Varney & Co.”
Meta CEO’s personal wealth has soared to an all-time high, making Mark Zuckerberg now the world’s second-richest person, surpassing Amazon founder Jeff Bezos, according to Bloomberg.
It ousted Bezos from his spot on the Bloomberg Billionaires Index on Thursday after his net worth increased by more than $3 billion to a whopping $206.2 billion.
Mark Zuckerberg, CEO of Meta Platforms, Inc., during the MetaConnect event on September 27, 2023 in Menlo Park, California. (Photographer: David Paul Morris/Bloomberg via Getty Images/Getty Images)
According to the index, Bezos is the third richest person with $205 billion.
Jeff Bezos attends the 10th Annual LACMA Art + Film Gala presented by Gucci at the Los Angeles County Museum of Art on November 6, 2021 in Los Angeles, California. (Axel/Bauer Griffin/Film Magic/Getty Images)
Bloomberg links Zuckerberg’s accomplishments to those of Metaplatforms, the parent company of social media sites Facebook, Instagram, WhatsApp and Threads platforms, which he co-founded in 2004.
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Meta stock is up 69% since the beginning of the year.
Meta Platforms is the parent company of the social media sites Facebook, Instagram, Whatsapp, and Threads, a platform co-founded by Zuckerberg in 2004. (Reuters/Dado Ruvic/Illustration/Reuters Photo)
Revenue for the first half of this year was $75.5 billion, including $39.07 billion in the second quarter. Meanwhile, net income for the first two quarters was $25.83 billion.
Ticker Security Last Change Change % Meta Meta Platform Co., Ltd. 595.94 +13.17 +2.26%
Meta is scheduled to announce its third quarter financial results in late October.
Zuckerberg says Meta threads have more than 175 million monthly active users.
Before becoming the second-richest person, the tech billionaire achieved another wealth-related feat in late September, Bloomberg reported. Zuckerberg’s wealth exceeded $200 billion on September 23rd. According to the media, only two people in the United States have achieved this goal: Bezos and Tesla CEO Elon Musk.
META CEO Mark Zuckerberg’s net worth reaches $200 billion
With a fortune of $256 billion, Musk holds the title of the world’s richest individual, according to Bloomberg.
Elon Musk attended the 10th Breakthrough Awards Ceremony held at the Academy Museum of Motion Pictures in Los Angeles, California on April 13, 2024. (Photo by ETIENNE LAURENT/AFP via Getty Images/Getty Images)
A September report from Informa Connect Academy predicted that Musk could become the first trillionaire in history within the next few years.
