Meta Platforms META is a top-performing stock in 2024, hitting new all-time highs of $629.79 on Friday, and boosting the wealth of CEO and co-founder Mark Zuckerberg.
What Happened: Zuckerberg currently ranks as the third-richest person in the world with $215 billion in wealth, according to Bloomberg. The 40-year-old trails only Elon Musk ($362 billion) and Jeff Bezos ($240 billion).
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The $87.3 billion gain by Zuckerberg trails only Musk’s gain of $133 billion for the year. He ranks just ahead of Jensen Huang‘s $82.6 billion addition to his wealth, ranking 11th on the list.
Zuckerberg is now worth more than the following people combined:
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Warren Buffett, Berkshire Hathaway CEO: $147.0 billion, 9th richest
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Ken Griffin, Citadel LLC CEO: $42.4 billion, 37th richest
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Peter Thiel, Venture capitalist: $15.9 billion, 141st richest
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Mark Cuban, NBA owner, investor: $8.1 billion, 365th richest
See Also: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
Why It’s Important: Zuckerberg passing Buffett comes as the legendary investor, known as the Oracle of Omaha, has given away a portion of his wealth and has pledged to continue doing so.
Buffett’s wealth is up $27.2 billion in 2024 thanks to a higher price for Berkshire Hathaway shares.
Griffin, Thiel and Cuban have all added to their wealth totals in 2024 by $5.9 billion, $6.7 billion and $1.2 billion.
Trending: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.
Zuckerberg is of course connected to Thiel in Meta Platforms, which was formerly called Facebook, history. Thiel was the first outside investor for Facebook and gained a portion of his wealth by being an early investor in the company and selling his stake over the years.
Meta stock traded between $317.77 and $629.79 over the last 52 weeks. Its shares are up 80% year-to-date as of Friday.
Meta, touting strong quarterly results and growth, is currently valued at more than $1.5 trillion.
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