Mark Zuckerberg is the third richest person in the world behind Jeff Bezos
Topline
Meta co-founder Mark Zuckerberg became the world's third-richest person on Friday, taking over the title from Amazon chairman Jeff Bezos after a strong week of trading for Meta shares, which rose more than 5% this week.
Zuckerberg's net worth reached $200 billion on Thursday. (Photo by Josh Edelson/AFP via JT … [+]
Basic information
Zuckerberg's estimated net worth reached $205.4 billion after Friday's increase of $3.9 billion, surpassing Bezos' $203.9 billion.
Zuckerberg isn't far behind No. 2 Larry Ellison ($208 billion) on the list of real-time billionaires, though he's far behind No. 1 Elon Musk ($264 billion).
The jump in the Meta CEO's net worth coincided with a more than 2% rise in Meta shares, which closed Friday at $595.94 after starting the week at $567.15.
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the tangent
Stocks linked to each of the billionaires' primary companies rose at least 2% on Friday, with Tesla shares leading the way with a gain of more than 4% ($250.08).
Original background
Zuckerberg's net worth hit several milestones this week, most notably reaching $200 billion on Thursday, marking the first time four billionaires worth $200 billion or more were on Forbes' billionaires list. Zuckerberg's net worth growth also returned to No. 3 on the list after taking over from LVMH chief Bernard Arnault for two terms in August. Zuckerberg's net worth is underperforming, as the 40-year-old owns 345 Class A and B shares in the company, which make up an estimated 13% of his stake. Meta shares are up more than 68% since January, when they traded at $346.29.
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Mark Zuckerberg Becomes Fourth Billionaire Worth $200 Billion—First For Forbes Billionaires List (Forbes)
List of Real-Time Billionaires (Forbes)
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