Mark Zuckerberg has become the world’s second-richest person, surpassing Amazon founder Jeff Bezos with an astounding net worth of $206.2 billion.
This milestone follows a $78 billion increase in 2024, fueled by a 70% increase in Meta Platforms Inc. stock.
According to the Bloomberg Billionaires Index, Zuckerberg’s fortune exceeds Bezos’ $205.1 billion and Kuwait’s GDP of around $160.4 billion.
However, he still trails Tesla CEO Elon Musk by around $50 billion.
The substantial growth in Zuckerberg’s wealth follows a challenging period for Meta, which faced significant layoffs and restructuring in late 2022.
The company laid off 21,000 employees as part of an aggressive cost-cutting strategy. These difficult decisions initially met with skepticism, have proven pivotal in restoring investor confidence and setting the stage for Zuckerberg’s resurgence in the wealth rankings.
