Mark Zuckerberg has been on an unprecedented financial run, gaining US$51 billion this year alone. The massive jump has propelled him to fourth rank in the Bloomberg Billionaires Index, taking his estimated total wealth to US$179 billion.
This recent surge has launched him past one of the richest men in the world, Bernard Arnault, chief executive officer of the luxury giant LVMH. Nevertheless, Zuckerberg remains quite far from both Elon Musk and Jeff Bezos in terms of net worth, which is not going to change anytime soon but this shows that he has the potential to overtake these giants in the future.
Currently at the top of that ranking stand Elon Musk and Jeff Bezos.
At an annual growth rate of wealth, amounting to 110%, Elon Musk will become the world's first trillionaire by 2027, according to a report by Informa Connect Academy. This may be attributed to his ambitious plans of sending unmanned Starships to Mars in 2026, then manned flights with the hope of creating a self-sustaining Martian city by 2046. Read More
The 40-year-old Zuckerberg has a generational advantage over Musk and Bezos. This puts him in having an advantage towards gaining immense wealth, with ongoing upticks in technology to soon be the richest person in the world.
Zuckerberg’s wealth is now greater than that of the well-recognized stars, including Bill Gates, Larry Page, Sergey Brin, and Warren Buffett. Large philanthropic donations given by Buffett have ultimately cleared a path for Zuckerberg to rise in the world wealth rankings.
With Zuckerberg going great guns in 2024, and considering the innovations by Meta Platforms keep on coming, he again has an opportunity to wear the mantle of the richest person in the world. His financial trajectory says a lot about how dynamic and competitive technology is and has been about the distribution of wealth around the world.