Mark Zuckerberg Amasses Net Worth of Over $200 Billion

The CEO of Facebook’s parent company, Mark Zuckerberg, is now one of the three richest men in the world.

According to media reports, the social media executive is now in a very elite club of just three people worth $200 billion or more. The other two are X/Twitter/Tesla owner Elon Musk, and Jeff Bezos who owns Amazon and the Washington Post.

It looks like Zuckerberg’s riches are down to the performance of Meta (parent company of Facebook) stock. Since January of this year, the stock has gone up 60 percent in value. For Zuckerberg, this means an increase in net worth of more than $72 billion this year alone.

And the reason for the stock growth? Some observers think it’s because of the current enthusiasm for artificial intelligence (AI), which investors think will help make companies like Meta even bigger while making them even wealthier.

AI is implicated in the businesses of all three men. It’s easy to see how Musk’s Tesla and SpaceX would make use of the powerful new way of computing, and AI is a natural component of a big shipping business like Amazon.

Net worth on paper goes up and down, and Jeff Bezos is in the upward part of the curve. For a time he dropped below $200 billion net worth, but he’s back in the three-person club since his personal fortune grew by $39 billion recently. That, too, is mostly value on paper based on the value of Amazon stock. It’s done really well this year, gaining 28 percent in March to hit a record value of $190 per share.

As for Elon Musk, he was worth $229 billion at the beginning of 2024, and in nine months he is $36 billion richer.

Bernard Arnault, CEO of LMVH (Louis Vitton), briefly hit the stratosphere earlier in the year by having more than $200 billion on personal wealth, but he has fallen on hard times, losing $30 billion so far this year when LMVH stock cratered. He will have to manage on only $177 billion in personal assets.