Evercore ISI head of internet research Mark Mahaney reveals his top Big Tech stocks during an appearance on ‘Varney & Co.’
Mark Zuckerberg is now the second-wealthiest person in the world, surpassing Amazon founder Jeff Bezos, as the Meta CEO’s personal fortune swelled to its highest level yet, according to Bloomberg.
He bumped Bezos out of that spot on the Bloomberg Billionaires Index on Thursday after his net worth rose more than $3 billion to a whopping $206.2 billion.
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, on Sept. 27, 2023. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)
Bezos moved to third-wealthiest at $205 billion, per the index.
Jeff Bezos attends the 10th Annual LACMA Art+Film Gala presented by Gucci at Los Angeles County Museum of Art on November 06, 2021 in Los Angeles, California. ( Axelle/Bauer-Griffin/FilmMagic / Getty Images)
Bloomberg linked Zuckerberg’s feat to the performance of Meta Platforms, the corporate parent of the social media site he co-founded in 2004, Facebook, and the platforms Instagram, Whatsapp and Threads.
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Shares of Meta are up 69% year-to-date.
Meta Platforms is the corporate parent of the social media site Zuckerberg co-founded in 2004, Facebook, and the platforms Instagram, Whatsapp and Threads. (REUTERS/Dado Ruvic/Illustration / Reuters Photos)
It has generated $75.5 billion in revenue over the first half of the year, including $39.07 billion in the second-quarter. Meanwhile, its net income across the first two quarters was $25.83 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| META | META PLATFORMS INC. | 582.77 | +9.96 | +1.74% |
Meta is expected to release its third-quarter earnings in late October.
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Prior to becoming the second-richest person, the tech billionaire achieved another wealth-related feat in late September, Bloomberg reported. Zuckerberg’s fortune climbed above $200 billion on Sept. 23. That, according to the outlet, has only been achieved by two other individuals in the U.S.: Bezos and Tesla CEO Elon Musk.
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Musk, at $256 billion, holds the title of the wealthiest individual in the world, per Bloomberg.
Elon Musk arrives at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. (Photo by ETIENNE LAURENT/AFP via Getty Images / Getty Images)
A report from Informa Connect Academy projected in September that Musk could become the first-ever trillionaire within the next couple of years.
Read More: Meta’s Zuckerberg passes Jeff Bezos as world’s second wealthiest person