iNDICA NEWS BUREAU–
Meta Platforms CEO Mark Zuckerberg is now the fourth richest person in the world following a surge in company’s share price that has increased his net worth more than any other individual this year, according to Bloomberg Billionaires Index. In 2024 so far, Zuckerberg’s fortune has climbed by $42.4 billion, which has vaulted him to the fourth place on Bloomberg’s Billionaire Index. He has overtaken Microsoft co-founder and philanthropist Bill Gates, who dropped to the fifth position at $145 billion.
Zuckerberg has a net worth of $165 billion, with the majority derived from a stake of about 13 per cent in Meta Platforms, formerly Facebook, based on the company’s 2023 proxy statement and regulatory filings, as per the Bloomberg Billionaires Index.
Zuckerberg is the co-founder and chief executive of Meta Platforms, the company behind Facebook, the world’s largest social networking site.
The Menlo Park, California-based business had a revenue of $117 billion in 2022 and has about 3.7 billion monthly users. Its initial public offering in 2012 was the biggest-ever technology IPO at the time.
