In a significant financial milestone, Mark Zuckerberg, the CEO of Facebook, has reportedly become the world’s second-richest person for the first time as of Thursday, October 3rd.
This shift comes as shares of Meta, the parent company of Facebook, continue to rise, propelling Zuckerberg ahead of Amazon founder Jeff Bezos.
According to the Bloomberg Billionaires Index, Zuckerberg's net worth has reached an impressive $206.2 billion, marking a remarkable comeback after his ambitious investments in the metaverse—an endeavor that faced skepticism and was initially seen as a financial misstep.
His recent gains have solidified his position, placing him $1.1 billion ahead of Bezos and nearly $50 billion behind Tesla and SpaceX CEO Elon Musk, who remains the world's richest person.
Zuckerberg's ascent in the rankings underscores a resurgence in technology stocks and reflects growing investor confidence in Meta's long-term strategy, particularly in virtual and augmented reality.
As the tech landscape evolves, Zuckerberg’s position as a leading figure in the industry is increasingly apparent, highlighting the dynamic nature of wealth and influence in the modern economy.