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Watch out, Elon Musk! Mark Zuckerberg overtakes Warren Buffett and is closing in on Jeff Bezos in the ranking of the richest people

Published 07/12/2024 às 00:16
Mark Zuckerberg
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Facebook founder Mark Zuckerberg has surpassed Warren Buffett in the billionaire rankings and is now closing in on Jeff Bezos, showing the growing strength of the technology sector.

Mark Zuckerberg, CEO of Meta, stars in one of the most remarkable chapters in the financial market in 2024. Last Friday, the 06th, Meta shares reached a new all-time high of US$ 629,79, consolidating the company as a giant valued at more than US $ 1,5 trillion.

With that, Mark Zuckerberg's personal fortune has skyrocketed to an impressive US $ 215 billion, guaranteeing him the position of third richest man in the world, according to the index Bloomberg.

What happened?

At 40, Mark Zuckerberg is second only to Elon Musk in wealth (US $ 362 billion) and Jeff Bezos (US $ 240 billion). This year, Meta's CEO saw his assets increase by US $ 87,3 billion, which represents the second largest gain among the billionaires.

Ahead of him is Musk, with an addition of US $ 133 billion, while Nvidia's Jensen Huang takes third place with US $ 82,6 billion of growth.

To get an idea of ​​the impact, Zuckerberg's fortune exceeds that of renowned names combined, such as:

  • Warren Buffett ($147 billion), CEO of Berkshire Hathaway.
  • Ken Griffin ($42,4 billion), CEO of Citadel LLC.
  • Peter Thiel (US$15,9 billion), venture capitalist.
  • Mark Cuban ($8,1 billion), NBA team owner and investor.

This meteoric rise also reflects Meta's success in the market, whose shares have accumulated a rise of 80% in the year. In the last 52-week cycle, the stocks fluctuated between $ 317,77 and $ 629,79, driven by robust quarterly results and successful technology strategies.

Importance and context

Mark Zuckerberg's rise in the billionaires rankings highlights significant changes in the global landscape. Warren Buffett, for example, continues to increase his wealth in US $ 27,2 billion this year, driven by the appreciation of Berkshire Hathaway shares. However, his fortune is continually reduced by philanthropic donations, in line with the tycoon's commitment to returning most of his wealth to society.

Other names, such as Peter Thiel, Ken Griffin and Mark Cuban, also recorded increases in 2024, but in more modest proportions: US$6,7 billion, US$5,9 billion and US$1,2 billion, respectively. Thiel, who played a crucial role in Meta's early days, remains connected to the company's history, having been the first outside investor in what was then Facebook.

Goal: Expansion with Artificial Intelligence

Meta's growth is not limited to the appreciation of its shares. The company has also stood out in the field of artificial intelligence, consolidating notable advances with its chatbot Meta.AI, launched just 14 months ago. According to Zuckerberg, the tool has already accumulated 600 million monthly active users, a significant milestone in the sector.

This rapid growth has been made possible by the launch of independent platforms, such as Meta.AI’s dedicated website, which works similarly to OpenAI’s ChatGPT. The chatbot’s ability to generate multimodal responses and content based on text commands has attracted a diverse and engaged audience.

Zuckerberg also revealed that Meta is ready to launch the llama 4, the next generation of its language model. The update, scheduled for 2025, promises to be one of the most relevant for the AI ​​ecosystem. Recently, the company had already introduced the llama 3, strengthening its leadership in the segment.

The Future of Meta and Mark Zuckerberg

With solid results and consistent innovations, Meta reaffirms its position as one of the most valuable companies in the world. For Zuckerberg, this is a time of harvest. He not only leads a technology giant, but also consolidates himself as one of the most influential figures in the financial market.

Meanwhile, Meta continues to challenge competitors and expand its boundaries, whether with artificial intelligence, such as Meta.AI, or with updates to its language models. In a dynamic and competitive market, the company's strategy is clear: innovate, grow and dominate.

Mark Zuckerberg's career, marked by boldness and vision, shows that the coming years promise to be even more exciting for the CEO and his company. After all, as he himself has shown, the sky is not the limit when it comes to transforming ideas into reality and wealth.

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Fabio Lucas Carvalho

Journalist specializing in a wide range of topics, such as cars, technology, politics, shipbuilding, geopolitics, renewable energy and economics. I have been working since 2015 with prominent publications in major news portals. My degree in Information Technology Management from Faculdade de Petrolina (Facape) adds a unique technical perspective to my analyses and reports. With over 10 thousand articles published in renowned media outlets, I always seek to bring detailed information and relevant insights to the reader. For story suggestions or any questions, please contact me by email at flclucas@hotmail.com.

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