New Delhi, October 1: Mark Zuckerberg, the CEO of Meta, has reportedly joined the exclusive USD 200 billion club, becoming the fourth richest person in the world. Meta's push into artificial intelligence (AI) and the Metaverse, Zuckerberg’s net worth, has seen a significant rise. His leadership and strategic moves in these areas have helped boost Meta’s stock to elevate his fortune USD 200 billion club.

According to a report of Firstpost, Mark Zuckerberg has become the fourth richest person in the world. Bloomberg Billionaires Index report suggests Zuckerberg's net worth is USD 201 billion. The Bloomberg Billionaires Index is a list that ranks the wealthiest people in the world on a daily basis. It includes detailed information on how each person’s net worth is calculated, which can be found on their individual profile pages. The rankings and figures are updated at the end of every trading day in New York. Zerodh CEO Nithin Kamath Says Equity Delivery Will Continue To Be Free, 10% Revenue May Get Affected.

Elon Musk holds the top spot with a net worth of USD 272 billion, followed by Jeff Bezos at USD 211 billion. Bernard Arnault takes third place with USD 207 billion, while Meta’s CEO, Mark Zuckerberg, comes in fourth. The increase in wealth reportedly comes after a significant jump in Meta's stock prices, which have grown by almost 60 per cent since the start of 2024. The growth highlights the effectiveness of Meta's recent business strategies and has contributed to Zuckerberg's position among the top financial leaders in the world. Elon Musk Responds to Y Combinator Founder Paul Graham’s Criticism on Renaming Twitter to X, Says, ‘You Know Nothing’.

A major reason for Meta's strong stock performance is its focus on artificial intelligence (AI). During the recent Meta Connect 2024 event, Zuckerberg shared the company's bold AI plans, pointing out that Meta AI is one of the popular digital assistants, with 500 million active users each month. As the parent company of Facebook, Instagram, WhatsApp, and Threads, Meta has reportedly seen its stock price rise to over USD 560 per share, which is an 85 per cent increase from last year.

(The above story first appeared on LatestLY on Oct 01, 2024 06:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).