Mark Zuckerberg overtakes Jeff Bezos as world's second-richest person as Meta shares hit all-time high

Oct 4, 2024

Zuckerberg surpasses Bezos as Meta shares reach record highs amid AI focus.

Mark Zuckerberg overtakes Jeff Bezos as world's second-richest person as Meta shares hit all-time high

: Mark Zuckerberg becomes the world's second-richest person, beating Jeff Bezos as Meta's stock reaches $582.77. This surge follows Meta's focus on AI and new tech products after laying off 21,000 employees. Despite a $200 billion loss in 2022, Zuckerberg's net worth is now $206 billion.

Mark Zuckerberg has surpassed Jeff Bezos to become the world's second-richest person, thanks to Meta's shares hitting a record high of $582.77. Zuckerberg's net worth has now reached $206 billion, just behind Elon Musk's $256 billion.

Meta's financial resurgence is attributed to a focus on artificial intelligence and the introduction of cutting-edge technology products. Among these new offerings are AR smart glasses, projected during the Meta Connect 2024 event as a game-changer in tech.

The impressive stock recovery comes after Meta laid off 21,000 employees to streamline operations. Despite a significant $200 billion market value drop in 2022, Zuckerberg's wealth has increased by $78.1 billion year-to-date.