Tuesday, July 23, 2024

Mark Zuckerberg Surges in Rich List Rankings, Leaving Peers Behind

The latest edition of the Hurun Global Rich List 2024 has witnessed a significant shakeup, with Meta Platforms CEO Mark Zuckerberg emerging as a standout figure. Despite falling short of claiming the title of the world’s wealthiest individual, Zuckerberg’s meteoric rise in wealth has outpaced his contemporaries. Bolstered by a remarkable surge in Meta’s shares, Zuckerberg’s net worth has more than doubled within the span of a year, propelling him to the fourth position on the list.

Notable Absences: Betancourt Myers and Bertrand Peach

Among the casualties of this reshuffle are François Bettencourt Meyers of L’Oréal and Bertrand Puech of Hermes, both of whom have been ousted from the list. Meanwhile, although absent from the list, Tesla CEO Elon Musk retains his status as the world’s richest person, boasting a staggering fortune of $231 billion.

Top Rankings Recap:

Elon Musk ($231 billion): Fueled by the success of Tesla and SpaceX, Musk maintains his dominance at the summit of the global rich list, marking his third appearance as the top-ranked individual in the last four years.

Jeff Bezos ($185 billion): Amazon magnate Jeff Bezos secures the second position, witnessing a remarkable 57 percent increase in wealth driven by the stellar performance of Amazon’s cloud computing division.

Bernard Arnault ($175 billion): Despite enduring significant losses within LVMH, Bernard Arnault clinches the third spot in the rankings.

Mark Zuckerberg ($158 billion): Zuckerberg’s wealth undergoes an unprecedented surge, catapulting him to the fourth position, propelled by the soaring value of Meta’s shares.

Larry Ellison ($144 billion): Oracle’s strides in cloud services propel Larry Ellison to the fifth position, with his wealth poised to swell by an impressive $44 billion in 2024.

Warren Buffett ($144 billion): Renowned investor Warren Buffett maintains his presence on the list, leveraging his astute investments to secure a prominent position.

Steve Ballmer ($143 billion): Former Microsoft CEO Steve Ballmer witnesses a notable 41 percent increase in wealth, courtesy of the company’s soaring stock prices, placing him at the seventh rank.

Bill Gates ($138 billion): Bill Gates retains his position on the list, buoyed by his strategic investments, which have yielded a 25 percent increase in wealth in 2024.

Larry Page ($123 billion): Google co-founder Larry Page rounds off the top ten, experiencing a significant 64 percent surge in wealth, securing the ninth position on the list.

The latest rankings underscore Zuckerberg’s remarkable ascent within the realm of global wealth, signaling a dynamic shift in the landscape of economic powerhouses.


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