SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Mark Zuckerberg's wealth soars – fourth richest

» Updated: 04 October 2024

» 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

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
2 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express