Mark Zuckerberg Becomes World’s Third-Richest Person After Overtaking Jeff Bezos

Topline

Meta co-founder Mark Zuckerberg became the third richest person in the world Friday, taking the title from Amazon chairman Jeff Bezos after a strong week of trading for Meta shares, which are up more than 5% this week.

Key Facts

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Tangent

The stocks linked to each of the billionaires’ primary companies all closed up at least 2% Friday, with Tesla shares leading the way with a more than 4% increase ($250.08).

Key Background

Zuckerberg’s net worth marked a few milestones this week, most notably reaching the $200 billion mark Thursday in what became the first time four billionaires worth $200 billion or more were on the Forbes billionaire list. The jump in net worth also materialized Zuckerberg’s return to the No. 3 spot on the list, after he took the position from LVMH chief Bernard Arnault two times in August. Zuckerberg’s net worth is rooted within Meta’s performance, as the 40-year-old owns 345 Class A and B shares in the company that make up his approximate 13% stake. Meta shares are up more than 68% since January, when they traded at $346.29.

Further Reading

Mark Zuckerberg Becomes Fourth Billionaire Worth $200 Billion—A First For Forbes Billionaires List (Forbes)

Real-Time Billionaires List (Forbes)