Meta co-founder Mark Zuckerberg became the third richest person in the world Friday, taking the title from Amazon chairman Jeff Bezos after a strong week of trading for Meta shares, which are up more than 5% this week.
Meta co-founder Mark Zuckerberg became the third richest person in the world Friday, taking the title from Amazon chairman Jeff Bezos after a strong week of trading for Meta shares, which are up more than 5% this week.
Zuckerberg’s estimated net worth reached $205.4 billion after a $3.9 billion increase Friday, overtaking Bezos’s net worth of $203.9 billion.
Zuckerberg is not far behind No. 2 Larry Ellison ($208 billion) on the real-time billionaires list, though he is a ways away from No. 1 Elon Musk ($264 billion).
The Meta CEO’s jump in net worth coincided with a more than 2% increase in Meta shares, which closed Friday at $595.94 after beginning the week at $567.15.
Tangent
The stocks linked to each of the billionaires’ primary companies all closed up at least 2% Friday, with Tesla shares leading the way with a more than 4% increase ($250.08).
Key Background
Zuckerberg’s net worth marked a few milestones this week, most notably reaching the $200 billion mark Thursday in what became the first time four billionaires worth $200 billion or more were on the Forbes billionaire list. The jump in net worth also materialized Zuckerberg’s return to the No. 3 spot on the list, after he took the position from LVMH chief Bernard Arnault two times in August. Zuckerberg’s net worth is rooted within Meta’s performance, as the 40-year-old owns 345 Class A and B shares in the company that make up his approximate 13% stake. Meta shares are up more than 68% since January, when they traded at $346.29.
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