Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Mark Zuckerberg's wealth soars – fourth richest

» Updated: 04 October 2024, 12:25

» Published: 28 September 2024

Mark Zuckerberg's wealth soars – fourth richest
Photo: Godofredo A. Vásquez/AP/TT

Facebook founder Mark Zuckerberg has made a fortune in recent years. His total assets are now estimated to exceed 200 billion dollars for the first time, according to Bloomberg's compilation.

Zuckerberg's assets consist mainly of shares in Facebook's and Instagram's parent company Meta, which has risen sharply on the stock exchange over the past two years, and according to Bloomberg's list of dollar billionaires, only Elon Musk, Jeff Bezos, and Bernard Arnault are currently richer than the 40-year-old Facebook founder. The top trio is linked to companies Tesla, Amazon, and LVMH, respectively.

At the same time as the stock market value has risen – and the value of Zuckerberg's assets has increased – Meta has made large staff cuts. Approximately 25 percent of the company's employees have been laid off since 2022.

Meta has also made significant investments in AI and started paying dividends, which is estimated to have positively affected the company's stock market value. Just since January 1 this year, Zuckerberg's assets are estimated to have increased by 73.4 billion dollars, equivalent to approximately 740 billion kronor.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange rises after interest rate cut
1 MIN READ

Stockholm Stock Exchange rises after interest rate cut

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall