Mark Zuckerberg has recently surpassed Jeff Bezos to become the second-richest person in the world, according to the Bloomberg Billionaires Index 2024.
Zuckerberg’s net worth is now approximately $206.2 billion, while Bezos sits at around $205.1 billion.
However, he still trails Tesla CEO Elon Musk by around $50 billion.
This shift reflects the ongoing changes in the tech industry’s market dynamics.
In 2024, Meta’s shares surged nearly 70%, bolstered by Zuckerberg’s rising personal wealth and renewed investor optimism.
This rebound follows significant layoffs of 21,000 employees in late 2022 as part of Zuckerberg’s cost-cutting strategy, which has been pivotal to the company’s recovery.
Despite substantial investments in virtual and augmented reality, investor confidence in Meta remains strong, particularly as its core advertising business thrives.
At 40 years old, Zuckerberg has moved up four places on the wealth index this year. Meta continues to invest heavily in data centers and computing power to maintain its leadership in the AI industry.
The recent launch of its Orion augmented reality glasses underscores the company’s commitment to advancing augmented reality, with millions being allocated to these AI and AR initiatives.
Earlier, Zuckerberg had articulated a vision for Meta’s long-term future, aiming to create a legacy that lasts for a century.
He envisions Meta as a technology company that will remain relevant 20 to 30 years from now, focusing on developing its underlying technology platform.
He hopes that, in the future, people will recognize the company for its bold initiatives that have pushed the industry forward, emphasizing a commitment to innovation and long-term impact.
