Mark Zuckerberg replaces Jeff Bezos as second richest person in the world

Meta CEO Mark Zuckerberg has overtaken Jeff Bezos to become the second richest person in the world, according to the Bloomberg Billionaires Index. Zuckerberg's net worth has surged to $206.2 billion, surpassing the $205.1 billion fortune of the former Amazon CEO. The Facebook co-founder now trails only Tesla CEO Elon Musk, who remains the wealthiest individual with a nearly $50 billion lead.

Zuckerberg’s wealth has seen an extraordinary increase in 2024, climbing by $78 billion — more than any of the 500 billionaires tracked by the Bloomberg Index.

This growth has been driven by the performance of Meta, where Zuckerberg holds a 13 per cent stake. Meta's shares have surged nearly 70 per cent since the start of the year, fueled by rising investor enthusiasm and the company’s focus on artificial intelligence (AI) investments.