Mark Zuckerberg becomes third richest person in the world
- Mark Zuckerberg has recently become the third richest person in the world
- Now his net worth is 186.9 billion
- There have been a remarkable surge of around 49% in Meta stocks
Published on Aug 02, 2024 at 2:52 PM (UTC+4)
by Daksh Chaudhary
Last updated on Aug 02, 2024 at 6:37 PM (UTC+4)
Edited by
Kate Bain
Mark Zuckerberg has recently ascended to the rank of third richest person in the world by overtaking Elon Musk.
His net worth? The tech mogul has a staggering $186.9 billion to his name.
However, the reason Mark Zuckerberg has surpassed Elon Musk in the billionaire race is two-fold.
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Mark Zuckerberg takes down Elon Musk to become third richest person in the world
There has been a significant drop of 34 percent in Tesla shares in 2024, making it the worst performer in the S&P 500 index.
On the other hand, there has been a remarkable surge of around 49 percent in Meta stocks.
It’s a great turnaround for Mark Zuckerberg, considering the challenging times he recently faced when he lost $31 billion in a single day.
At that time, his net worth was just $55.9 billion, making him the 20th richest person in the world.
Pushing himself from the 20th spot to the third richest person in such a short time – well, that’s impressive.
At present, the total valuation of Meta stands $1.3 trillion, making it the 6th most valuable company on the planet.
Mark only owns around 13% of the company at present, and still, his net worth is an impressive $186.9 billion.
Mark lives a humble lifestyle
It’s wild how a simple and basic project like Facebook was able to completely change the world – and the names at the top of the rich list.
A project that began in a Harvard dorm room is now running on nearly every smartphone and computer around the world.
However, in spite of his massive wealth, Mark Zuckerberg’s lifestyle remains surprisingly modest.
His car collection is notably humble compared to other billionaires, reflecting his down-to-earth nature.
With Meta’s ongoing success and Mark Zuckerberg’s ambitious plans, his wealth is likely to keep growing.
However, Elon Musk is no newcomer to the game – his vision and plans for the future are impressive. So, the billionaire race is far from over.
