Mark Zuckerberg is now one of only three members in the exclusive $200 billion club.Business Insider said that Tesla CEO Elon Musk, Amazon founder Jeff Bezos and recently Meta CEO are currently the only people in the world with a net worth of $200 billion or more.
Mark Zuckerberg made the list after his fortune increased by $72 billion to $200 billion this year, boosted by a surge in Meta shares.
Accordingly, shares of the world’s largest social network have jumped nearly 60% since the beginning of January to an all-time high of more than $560 per share.
Jeff Bezos also rejoined the super-exclusive group this year, thanks to a $39 billion gain that brought his net worth to $216 billion. Amazon shares are up about 28% in 2024, trading at a near-record $190.
Mark Zuckerberg’s fortune now stands at $200 billion.
The world’s richest person, Elon Musk, started 2024 with a fortune of $229 billion. His fortune increased by $36 billion in less than nine months to $265 billion at the close of trading on September 23.
Another billionaire who was worth $200 billion at the start of the year was LVMH CEO Bernard Arnault. But shares of his luxury conglomerate have fallen nearly 16% this year, leaving him with a net worth of $177 billion.
BI said Arnault dropped to fifth place behind Oracle co-founder Larry Ellison, who saw his fortune “receive” more than $ 55 billion thanks to his company’s stock soaring 57%.
Both Arnault and Ellison are more than $20 billion away from the $200 billion threshold, suggesting they won’t be joining the club for some time.
On the other hand, Musk, Bezos, Zuckerberg, and Ellison all benefit greatly from the enthusiasm surrounding AI.
Investors are betting heavily that Tesla can leverage AI to power self-driving cars and humanoid robots, and that Amazon can use AI to boost its cloud services and e-commerce profits.
Meanwhile, Meta is expected to take social media and digital communications to the next level, while Oracle could make a fortune by renting out its AI data centers.
