Mark Mahaney, Head of Internet Research at Evercore ISI, reveals key Big Tech stocks during an appearance on “Varney & Co.”
Mark Zuckerberg is now the world's second-richest person, surpassing Amazon founder Jeff Bezos, and Meta CEO's personal wealth has soared to an all-time high. According to Bloomberg.
It ousted Bezos from his spot on the Bloomberg Billionaires Index on Thursday after his net worth increased by more than $3 billion to a whopping $206.2 billion.
Mark Zuckerberg, CEO of Meta Platforms, Inc., during the MetaConnect event on September 27, 2023 in Menlo Park, California. (Photographer: David Paul Morris/Bloomberg via Getty Images/Getty Images)
According to the index, Bezos is the third richest person with $205 billion.
Jeff Bezos attends the 10th Annual LACMA Art + Film Gala presented by Gucci at the Los Angeles County Museum of Art on November 6, 2021 in Los Angeles, California. (Axel/Bauer Griffin/Film Magic/Getty Images)
Bloomberg links Zuckerberg's accomplishments to those of Metaplatforms, the parent company of social media sites Facebook, Instagram, WhatsApp and Threads platforms, which he co-founded in 2004.
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Meta stock is up 69% since the beginning of the year.
Meta Platforms is the parent company of the social media sites Facebook, Instagram, Whatsapp, and Threads, a platform co-founded by Zuckerberg in 2004. (Reuters/Dado Ruvic/Illustration/Reuters Photo)
Revenue for the first half of this year was $75.5 billion, including $39.07 billion in the second quarter. Meanwhile, net income for the first two quarters was $25.83 billion.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Meta | Meta Platforms Co., Ltd. | 582.77 | +9.96 |
+1.74% |
Meta is scheduled to announce its third quarter financial results in late October.
Zuckerberg says Meta threads have more than 175 million monthly active users.
Before becoming the second-richest person, the tech billionaire achieved another wealth-related feat in late September, Bloomberg reported. Zuckerberg's wealth exceeded $200 billion on September 23rd. According to the media, only two people in the United States have achieved this goal: Bezos and Tesla CEO Elon Musk.
META CEO Mark Zuckerberg's net worth reaches $200 billion
According to Bloomberg, Musk holds the title of the world's richest individual with $256 billion.
Elon Musk attended the 10th Breakthrough Awards Ceremony held 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 September report from Informa Connect Academy predicted that Musk could become the first trillionaire in history within the next few years.
