Meta’s Zuckerberg jumps to 4th place on world's billionaires list

February 3, 2024, 3:17 pm

<p>Meta's CEO Mark Zuckerberg <em>(Anadolu)</em></p>

Meta's CEO Mark Zuckerberg (Anadolu)

ISTANBUL – Mark Zuckerberg, the founder and CEO of Facebook's parent firm, Meta Platforms, jumped to fourth place on the world's billionaires list Friday, as tech giant firm shares soared on strong financial results, according to a tally.

The Forbes Real-Time Billionaires List said Zuckerberg's net worth jumped USD27.9 billion, or 19.88 percent to USD167 billion.

It moved Zuckerberg, 39, above Microsoft co-founder Bill Gates, investor guru Warren Buffett, and Oracle co-founder Larry Ellison.

Amazon founder Jeff Bezos stands in third place with almost USD194 billion, and SpaceX, Tesla, and X CEO Elon Musk with USD198 billion at second.

Bernard Arnault, 74, chairman and CEO of French fashion powerhouse LVMH Moët Hennessy Louis Vuitton, is first with USD212 billion.

Zuckerberg's steep climb came after Meta saw its income more than triple to USD14 billion in the fourth quarter, according to its financial statement released Thursday.

Revenue increased 25 percent year on year to USD40.11 billion, while the company managed to lower costs and expenses by 8 percent.

With strong results, the stock price of Meta Platforms jumped 20.3 percent to close Friday at USD474.99.

Zuckerberg is estimated to have a 13 percent stake in Meta. (Anadolu)