Mark Zuckerberg Named 2024's Wealthiest Gainer
Mark Zuckerberg Named 2024's Wealthiest Gainer
Mark Zuckerberg Named 2024's Wealthiest Gainer
News summary

Mark Zuckerberg has emerged as the leading wealth gainer of 2024, with his net worth increasing by approximately $55.6 billion to $184 billion, surpassing Nvidia's Jensen Huang. This surge in wealth comes after a significant decline in Nvidia's stock price, which dropped 13% this week, reducing Huang's fortune by $11 billion to around $93 billion. Zuckerberg's gains reflect a strong recovery of Meta's shares, which have risen over 400% from their 2022 lows, driven by renewed investor confidence in the company's AI and virtual reality ventures. Currently, Zuckerberg ranks as the third richest person globally, just behind Elon Musk and Jeff Bezos. His rise from a mere $35 billion in November 2022 to his current wealth underscores the volatility of tech stock valuations. Meanwhile, Huang's fortunes, though diminished, still represent a remarkable increase of $50.2 billion this year, maintaining his position among the top billionaires.

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