Nobody has gained extra wealth this yr than Mark Zuckerberg, who’s up $56 billion

Because the begin of 2024, Zuckerberg’s wealth elevated $55.6 billion, bringing it to a complete of $184 billion, in accordance to the Bloomberg Billionaire Index.

Till earlier this week, Nvidia CEO Jensen Huang had topped the record of year-to-date beneficial properties. The chipmaker’s inventory is on an historic tear, capturing up 120% over the past yr and a pair of,219% over the past 5. Nonetheless, it dropped 13% this week, denting Huang’s whole internet price. 

Huang owns a roughly 3.5% stake in Nvidia after promoting lots of of tens of millions of {dollars}’ price of inventory over the past a number of months.  

A lot of Zuckerberg’s internet price can also be tied up in inventory of the corporate he based. He’s the biggest particular person shareholder of Meta, proudly owning about 345.5 million shares, in keeping with Meta’s proxy assertion filed in April. About 344 million of Zuckerberg’s shares are Class B shares, a particular sort of Meta inventory that grants holders 10 votes per share. He owns 99.7% of this class of share. 

Meta’s inventory can also be hovering this yr, up 49%. As of Friday, the worth was $514. However Zuckerberg’s internet price is commonly topic to wild fluctuations as a result of it’s so carefully linked to Meta’s share value. In February of this yr, his internet price rose $28 billion in a single day when Meta’s inventory jumped 20% after a very nice earnings name. 

Meta didn’t reply to a request for remark.

All that has made Zuckerberg the third-richest individual on the earth, in keeping with Bloomberg’s record. Solely Tesla and SpaceX CEO Elon Musk and Amazon founder and govt chair Jeff Bezos have the next internet price than Zuckerberg. Musk and Bezos are price $251 billion and $201 billion, respectively. Each famed tech executives noticed their very own private fortunes balloon this yr as properly. Bezos, regardless of stepping down from the CEO function at Amazon in 2021, stays the biggest particular person shareholder of Amazon. 

Musk, who owns a number of firms, derives a lot of his internet price from his Tesla inventory. His compensation at Tesla has been the topic of a lot dialogue. In 2018, the board signed and Musk agreed to a uniquely structured all-or-nothing package deal through which he would obtain enormous inventory awards if he reached sure efficiency targets, however nothing in any respect if he didn’t, regardless of how shut he received.

However his $56 billion pay package deal has been the topic of a shareholder lawsuit in Delaware. Musk is now engaged in a last-ditch effort to have the package deal reinstated after a choose voided it in January.