Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Mark Zuckerberg's wealth soars – fourth richest

» Updated: 04 October 2024, 12:25

» Published: 28 September 2024

Mark Zuckerberg's wealth soars – fourth richest
Photo: Godofredo A. Vásquez/AP/TT

Facebook founder Mark Zuckerberg has made a fortune in recent years. His total assets are now estimated to exceed 200 billion dollars for the first time, according to Bloomberg's compilation.

Zuckerberg's assets consist mainly of shares in Facebook's and Instagram's parent company Meta, which has risen sharply on the stock exchange over the past two years, and according to Bloomberg's list of dollar billionaires, only Elon Musk, Jeff Bezos, and Bernard Arnault are currently richer than the 40-year-old Facebook founder. The top trio is linked to companies Tesla, Amazon, and LVMH, respectively.

At the same time as the stock market value has risen – and the value of Zuckerberg's assets has increased – Meta has made large staff cuts. Approximately 25 percent of the company's employees have been laid off since 2022.

Meta has also made significant investments in AI and started paying dividends, which is estimated to have positively affected the company's stock market value. Just since January 1 this year, Zuckerberg's assets are estimated to have increased by 73.4 billion dollars, equivalent to approximately 740 billion kronor.

People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Europe's Engine Stutters – This Is How It Affects Sweden
5 MIN READ

Europe's Engine Stutters – This Is How It Affects Sweden

China wants to continue negotiating car tariffs
1 MIN READ

China wants to continue negotiating car tariffs

France's Credit Rating at Risk
1 MIN READ

France's Credit Rating at Risk

Boost for Car Sales in China
1 MIN READ

Boost for Car Sales in China

Fear of China's Response: "Bad for Sweden"
3 MIN READ

Fear of China's Response: "Bad for Sweden"

New Support Measures from China's Government
2 MIN READ

New Support Measures from China's Government

Boeing lays off 10 percent of employees
1 MIN READ

Boeing lays off 10 percent of employees

Wall Street: Banks up – Tesla down
1 MIN READ

Wall Street: Banks up – Tesla down

Higher producer prices than expected in the USA
1 MIN READ

Higher producer prices than expected in the USA

American giant banks exceed expectations
1 MIN READ

American giant banks exceed expectations

The Union Wins Against Tesla in the District Court
1 MIN READ

The Union Wins Against Tesla in the District Court

Northvolt source: 150 million euros secured
2 MIN READ

Northvolt source: 150 million euros secured

Warning to Consumers: Avoid Tesla
1 MIN READ

Warning to Consumers: Avoid Tesla

The Stock Exchange Ended a Negative Week on a Plus
1 MIN READ

The Stock Exchange Ended a Negative Week on a Plus

Self-driving Tesla taxi delayed until at least 2026
2 MIN READ

Self-driving Tesla taxi delayed until at least 2026

Volatile on Asian Exchanges - Down in China
1 MIN READ

Volatile on Asian Exchanges - Down in China

Small movements on the US stock exchange
1 MIN READ

Small movements on the US stock exchange

USA demands answers from Saab regarding Gripen deal
1 MIN READ

USA demands answers from Saab regarding Gripen deal

Apotea is heading for the stock exchange
1 MIN READ

Apotea is heading for the stock exchange

Northvolt CEO: Will pay 287 million kronor according to plan
3 MIN READ

Northvolt CEO: Will pay 287 million kronor according to plan