Mark Zuckerberg Overtakes Jeff Bezos as World’s Second Richest Person

Meta CEO Mark Zuckerberg has surpassed Jeff Bezos to become the world’s second-richest person, with a net worth of $206.2 billion, according to the Bloomberg Billionaires Index. Zuckerberg’s wealth has surged by $78 billion this year, driven by Meta’s stock reaching record highs as investors respond positively to its rising profits.

Zuckerberg’s wealth boost reflects Meta’s strong performance, largely due to the company’s cost-cutting efforts and investments in AI, which have revitalized its advertising platform. Despite setbacks in 2021 from Apple’s privacy updates, Meta’s revenue has rebounded, with second-quarter sales growing 22% in 2024.

Investors have been receptive to Meta’s focus on efficiency and innovation, particularly in areas like augmented reality, with the recent positive reception of Meta’s Orion AR glasses.