Mark Zuckerberg is now $76 billion richer this year — and one of only 3 people in the $200 billion club

Meta CEO Mark Zuckerberg has surged past Nvidia's Jensen Huang in wealth gain this year, and joined Elon Musk and Jeff Bezos in the $200 billion club.

Mark Zuckerberg is now $76 billion richer this year — and one of only 3 people in the $200 billion club
Meta Connect 2024 holographic glasses Mark Zuckerberg
Meta CEO Mark Zuckerberg is the world's third-richest person.
  • Mark Zuckerberg's fortune has ballooned by an unmatched $76 billion this year to $204 billion.
  • He's now one of only three members of the $200 billion club, along with Elon Musk and Jeff Bezos.
  • Zuckerberg overtook Nvidia's Jensen Huang in year-to-date wealth gain in September.

Mark Zuckerberg has grown his fortune faster than even Nvidia's Jensen Huang this year, propelling him into the ultra-exclusive $200 billion club.

The Meta cofounder and CEO has become $76 billion richer this year, boosting his net worth to $204 billion, per the Bloomberg Billionaires Index.

Zuckerberg ranks third on the rich list, ahead of LVMH CEO Bernard Arnault (worth $195 billion) and Oracle's Larry Ellison (worth $180 billion).

He's one of three people worth north of $200 billion, along with Tesla's Elon Musk (worth $269 billion) and Amazon's Jeff Bezos (worth $208 billion).

Huang led Zuckerberg in year-to-date wealth gain just a few weeks ago. The Nvidia cofounder and CEO's fortune has grown by $58.5 billion to $102 billion this year, with the chipmaker's stock up 136% since January. That means Zuckerberg and Huang are jointly almost $135 billion better off this year.

Meta is a social-media powerhouse that owns Facebook, WhatsApp, Instagram, and Threads. With Zuckerberg at the helm, it has made huge bets on virtual reality, the metaverse, and artificial intelligence in recent years.

The pricey forays initially spooked investors, fueling a 75%-plus decline in Meta stock between September 2021 and November 2022.

But the wider AI boom — and signs that Meta is reining in its spending — have reignited interest in the company as a leader in next-generation technology, communication, and entertainment.

Meta shares have soared more than fivefold from their 2022 low to trade at record highs above $550, valuing the company at nearly $1.5 trillion.

The blistering comeback has more than quintupled the value of Zuckerberg's roughly 13% stake in Meta, boosting his personal fortune from under $35 billion in November 2022 to $204 billion.

Zuckerberg is now comfortably the biggest wealth gainer this year — and could be on track to become the world's richest person.

Read the original article on Business Insider