Mark Zuckerberg’s web price up $56 billion in 2024

For the reason that begin of 2024, Zuckerberg’s wealth elevated $55.6 billion, bringing it to a complete of $184 billion, in accordance with Bloomberg’s Billionaire Index.

Till earlier this week, Nvidia CEO Jensen Huang had topped the checklist of year-to-date beneficial properties. The chip maker’s inventory is on a historic tear, capturing up 120% during the last yr and a pair of,219% during the last 5. Nonetheless, it dropped 13% this week, denting Huang’s complete web price. 

Huang owns a roughly 3.5% stake in Nvidia after promoting tons of of hundreds of thousands of {dollars} price of inventory during the last a number of months.  

A lot of Zuckerberg’s web price can be tied up in inventory of the corporate he based. He’s the most important particular person shareholder of Meta, proudly owning about 345.5 million shares, in accordance with Meta’s proxy assertion filed in April. About 344 million of Zuckerberg’s shares are Class B shares, a particular kind of Meta inventory that grants holders 10 votes per share. He owns 99.7% of this class of share. 

Meta’s inventory can be hovering this yr, up 49%. As of Friday, the value was $514. However Zuckerberg’s web price is usually topic to wild fluctuations as a result of it’s so carefully linked to Meta’s share worth. In February of this yr, his web price rose $28 billion in a single day when Meta’s inventory jumped 20% after a very nice earnings name. 

Meta didn’t reply to a request for remark.

All that has made Zuckerberg the third richest particular person on this planet, in accordance with Bloomberg’s checklist. Solely Tesla and SpaceX CEO Elon Musk and Amazon founder and government chair Jeff Bezos have a better web price than Zuckerberg. Musk and Bezos are price $251 billion and $201 billion, respectively. Each famed tech executives noticed their very own private fortunes balloon this yr as properly. Bezos, regardless of stepping down from the CEO position at Amazon in 2021, stays the most important particular person shareholder of Amazon. 

Musk, who owns a number of firms, derives a lot of his web price from his Tesla inventory. His compensation at Tesla has been the topic of a lot dialogue. In 2018, the board signed and Musk agreed to a uniquely structured all-or-nothing bundle wherein he would obtain big inventory awards if he reached sure efficiency targets, however nothing in any respect if he didn’t, irrespective of how shut he acquired.

However his $56 billion pay bundle has been the topic of a shareholder lawsuit in Delaware. Musk is now engaged in a last-ditch effort to have the bundle reinstated after a decide voided it in January.