December 3, 2024
Business

39yr Old Mark Zuckerberg Overthrows Bill Gates, Becomes World’s 5th Richest Man

By Our Binocular

Facebook founder and Meta Platforms CEO Mark Zuckerberg has emerged as the world’s fifth-richest person on Forbes and Bloomberg Billionaire Index.

Zuckerberg, whose wealth surged in 2023, overthrew Bill Gates on Forbes following the rise of Meta stocks in the past months.

According to Forbes Real Time Billionaire data, Zuckerberg’s net worth is estimated at $130.2 billion compared to Bill Gates’ $119 billion.

The Microsoft founder is currently trailing his friend and fellow philanthropist, Warren Buffet, in the seventh position.

Zuckerberg experienced a surge in wealth as Meta stocks rose in value, trading at $369.67 per share as of Friday, January 12, 2024.

Analysts believe the Meta CEO’s wealth began to balloon when he ditched the controversial Metaverse project, which dug endless pits in the purse of the tech company.

On the Bloomberg Billionaire Index, the tech billionaire still ranks fifth wealthiest but trails behind the Microsoft founder at $134 billion to Gates’ $140 billion net worth.

Zuckerberg rose from below the 20th wealthiest man in the world in 2023 to occupy the fifth position on the Bloomberg list after his wealth surged by over $90 billion in 2023 alone.

The billionaire has gained more than $5 billion in the first two weeks of 2024, and analysts believe he might surpass Gates if he sustains the momentum in the new year.

The 39-year-old father of three became the youngest billionaire to feature on the Bloomberg list at age 23 in 2008.

 

Related posts

Tax Evaders Count Loses As Goods Worth 64 Million Are Seized By URA

KAFUPDATES

Hajjat Namyalo Donates Ugx10m To UMWADD Sacco, Offers Umrah To Winner Of Quran Recitation Competitions

KAFUPDATES

Export Permit Delays Hurt Kenya-Uganda Milk Trade

KAFUPDATES

Huge Boost: ONC’s Namyalo Purchases Masaza Cup Tickets Worth Ugx21Million

KAFUPDATES

URA To Collect Ugx 500m From Impounded Foreign Vehicles, Intercepts Over 7 Tonnes Of Smuggled Wheat Flour In Lwakhakha

KAFUPDATES

Reshuffle! Gen Museveni Shakes UPDF Leadership, Operation Shujja Commander Gen Olum Sent To S.Sudan

KAFUPDATES

Leave a Comment