The Covid-19 pandemic, which has forced many businesses to shift online, has helped Meta Platforms’ co-founder and CEO, Mark Zuckerberg, to enter one of the world’s most elite and richest fraternities – the $200 billion club. Zuckerberg’s worth has hit $200 billion, this is according to the Bloomberg’s Billionaires Index. He now occupies this position with only a few other world’s wealthiest people such as Jeff Bezos and Elon Musk who have also joined this elite club.
Precisely How Did Zuckerberg Build $200 Billion?
None could have anticipated how much Zuckerberg has increased in wealth this year alone. Accumulated wealth increased in 2024 by $72.2 billion. But how did he get there? Well, most of his wealth is invested in Meta Platforms, Facebook’s parent company, in which he has a 13% share. These millions have been made if you’ve ever spent minutes or hours’ worth of mindless scrolling on one of those apps.
Meta, people, it is not only a social networks company, no, it is primarily a money-making factory. Meta received $134.9 billion in revenue in 2023. With approximately 4 billion monthly active users.
The Elite $200 Billion Club
Getting into the $200 billion club isn’t quite like enrolling in a fitness center. It’s a minuscule, super group and Zuckerberg is now in this company of some of the wealthiest individuals in the world.
Let’s take a quick look at who else is in this prestigious club:
Tesla and SpaceX’s CEO Elon Musk is sitting at the top with $265 billion.
Amazon’s founder Jeff Bezos is also not far behind the number with $216 billion assets.
Another member of this gang was Bernard Arnault, the CEO of LVMH, but a recent dip in his luxury empire’s stock price saw him earn only $177 billion.
What about Any Other Billionaire?
Everybody wants to know more about Zuckerberg and his newly acquired $200 billion but that is not the only story of big gains. The CEO of Nvidia, Jensen Huang, has also benefited from the year. His stake is now worth $58 billion more, owed to the demand for artificial intelligence and Graphics Processing Unit technology. Although, it is exceedingly evident that Huang has gained an incredible amount, the total net worth recorded is just a little over Zuckerberg’s figure.
However, Musk and Bezos have not taken a pause from the competition for the position of the market leader. With his companies electric cars and rockets Musk has secured his position as the richest man on planet Earth. Not far behind Bezos and with his international online shopping company, Amazon.
While on the other side, Arnault, once in the richest 200 billion dollar group, has suffered some losses. And, his luxury conglomerate LVMH, which includes brands like Louis Vuitton and Moet & Chandon, hasn’t had a great year. They have lost 16% of their value, erasing $30bn from Arnault’s fortune, which leaves him with $177bn.
Wrapping Up
Now adding Mark Zuckerberg to the $200 billion club is just another story for extreme wealth. As Meta CEO, Zuckerberg’s power and wealth increases proving that the tech industry remains one of the best environments to create wealth. With the digital environment continually growing, Zuckerberg, and his wallet may need some extra space at some point.
But you must not forget that they are still people with all these zeros in their bank balances – just better funded! Therefore, as we unconsciously browse through our different social media feeds, Zuckerberg and other mega billionaires are effectively enjoying themselves at the world’s richest sandpit.
