Meta CEO Mark Zuckerberg became the second richest person in the world, beating Bezos
Mark Zuckerberg became the world’s second-richest person for the first time on Thursday, surpassing Jeff Bezos as shares of Meta Platforms Inc. continue to increase.
Zuckerberg’s bet on the metaverse — which initially looked like a giant bust — has paid off in recent months, pushing his net worth to a peak of $206.2 billion, according to Bloomberg Billionaires Index. This number puts him ahead of Bezos of Amazon.com Inc. $1.1 billion and less than Tesla Inc.’s Elon Musk. nearly 50 billion USD.
Meta stock has jumped 23% since reporting better-than-expected sales in the second quarter and accelerating efforts toward the kind of large language models that power AI chatbots. Shares closed Thursday at an all-time high of $582.77.
Meta has been spending heavily on data centers and computing power as Zuckerberg tries to build a lead in the industry-wide AI race. The company has also been working on other long-term projects, including the Orion augmented reality headset it introduced last month.
Zuckerberg, who owns 13% of the Menlo Park, California-based company, has seen his wealth increase by $78 billion so far this year, the most among the world’s 500 richest people. tracked by the Bloomberg index.
The 40-year-old co-founder and chief executive has climbed four places this year in the wealth index.
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