Mark Zuckerberg's Wealth Skyrockets by $51 Billion This Year, Putting Him on Track to Claim the Title of Richest Person on Earth

Mark Zuckerberg, Meta Platforms’ CEO, has added a jaw-dropping $51 billion to his fortune this year, bringing his total net worth to $179 billion, according to the Bloomberg Billionaires Index. This places him in fourth place, trailing just behind some of the biggest names in the business world: Elon Musk, Jeff Bezos, and Bernard Arnault.

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Zuckerberg's year started in sixth place, but he recently overtook luxury magnate Arnault to briefly claim third place, only to slip back again. However, with his wealth climbing, the Meta chief might soon return to the top three.

 As technology fortunes are known to be highly unpredictable, Zuckerberg could quickly close the gap. "It wouldn't take much," said one analyst. “A bad day for Tesla or Amazon and a good one for Meta could shuffle things around.”

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With a fortune of $248 billion, Elon Musk is the richest person on the planet, followed by Bezos at $202 billion and Arnault at $180 billion. However, Zuckerberg is gaining ground. Musk was worth just $164 billion in April, and Bezos wasn't far ahead of Zuckerberg in January, highlighting how fast fortunes can change in the tech world. 

Interestingly, philanthropy could also play a role. Musk and Bezos have yet to make any large donations this year. Still, if they were to follow Warren Buffett’s example – who has given away over half his Berkshire Hathaway stock – Zuckerberg could find himself at the top of the list. “That's how Buffett kept himself from being the richest person alive,” a financial expert pointed out.

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While Zuckerberg's fortune surged by $51 billion, Musk and Bezos only added $19 billion and $25 billion, respectively. At 40, Zuckerberg still has plenty of time to grow his wealth, potentially surpassing Musk, who is 53, and Bezos, who is 60. Morgan Housel, author of The Psychology of Money, once remarked that Warren Buffett built 99% of his wealth after age 65, proving that time is a powerful ally in growing money.

Despite being far younger than other moguls like Bill Gates and Warren Buffett, Zuckerberg already commands a fortune larger than theirs, as well as that of Google co-founders Larry Page and Sergey Brin. 

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Facebook, which he founded in 2004 at the age of 19, is now part of Meta, the seventh-largest public company in the world. Meta is valued at $1.3 trillion, overtaking even long-standing giants like Buffett's Berkshire Hathaway and Musk's Tesla.

Zuckerberg's wealth, however, hasn't been on a smooth upward trajectory. Between September 2021 and November 2022, Meta's stock plummeted by over 75%, bringing Zuckerberg's fortune down to a modest $35 billion. Investors grew wary of his massive bets on the metaverse and the broader tech stock sell-off.

Fast forward to today. Meta stock has rebounded fivefold, driven by investor optimism around AI and Zuckerberg's tighter grip on spending. The stock is now hovering around record highs, above $500, and Zuckerberg's wealth has soared alongside it.

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