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zuckerberg's net worth exceeds us$200 billion, becoming the fourth richest person in the world

2024-09-29

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financial associated press, september 29 (editor niu zhanlin)as the stock price of the social media giant meta hit a record high, its ceo zuckerberg’s net worth exceeded us$200 billion, making him the fourth richest person in the world, and may surpass amazon founder bezos and lvmh chairman bernard at any time ·arnault.

according to the bloomberg billionaires index, zuckerberg's wealth has grown by a staggering $73.4 billion this year, bringing his total net worth to $201 billion.

musk, the world's richest man, still tops the list with a net worth of us$272 billion, followed by bezos with a wealth of us$211 billion. arnault's wealth has surged recently, with his total net worth reaching us$207 billion.

in fact, zuckerberg’s “ranking” as the fourth richest person in the world is also related to china. after china’s intensive introduction of a series of policy “combinations” to support high-quality economic development, it promoted the overall strength of european luxury goods stocks. arnault 's wealth surged by $17.1 billion on thursday.

zuckerberg isn't the only tech tycoon to see his fortune grow significantly this year. the net worth of nvidia ceo jensen huang and oracle co-founder larry ellison surged to $62.2 billion and $58.6 billion respectively in 2024.

zuckerberg, 40, founded facebook in 2004 and has much of his wealth tied to meta stock. meta's stock price has surged nearly 61% so far in 2024. meta's stock price rose to a record high of $577 on thursday.

meta operates the world's most popular social media platforms facebook, instagram and threads, as well as the instant messaging application whatsapp.

ai industry leader

at its annual meta connect conference on wednesday, the company released its latest virtual reality (vr) headset, the quest 3s, starting at $299. in addition, meta also released a multi-modal large language model and ar glasses prototype.

zuckerberg said that meta ai is expected to become the most used ai assistant in the world. "we have close to 500 million monthly active users, and we haven't even launched meta ai in some of the larger countries."

meta has been trying to catch up with competitors in the ai ​​field, including large tech companies such as microsoft and google, as well as startups and artificial intelligence leader openai.

analysts believe that meta is well-positioned in the ai ​​competition. jpmorgan analyst doug anmuth said, "the meta connect conference reflects the company's ambition to shape the industry, and meta's stock price is expected to rise further to $640."

jefferies analysts wrote: "zuckerberg demonstrated meta's development direction at meta connect, which makes us more optimistic about meta's future. on the enterprise side, its llama is becoming a strong competitor, and we see the momentum generated by its new multi-modal large language model is expected to further increase meta stock price to $600.”

(niu zhanlin from financial associated press)
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