For the first time, Facebook co-founder and CEO Mark Zuckerberg’s personal wealth surpassed $100 billion. Thus, he joined Jeff Besoz, the founder and CEO of Amazon, and Bill Gates of Microsoft in the centibillionaire club. These three tech colossi are the only people on the planet who have a net worth of more than $100 billion.
Mark Zuckerberg’s fortune has increased sharply after a massive rise in the value of Facebook shares. The company’s stock hit record levels following the release of Reels, the new Instagram feature. Reels is the main competitor for TikTok, the Chinese video-sharing service. TikTok faces a ban in the United States as US President Donald Trump has signed a decree that prohibits American resident companies from any transactions with ByteDance, the parent company of the popular app. The Chinese service risks being shut down in the US unless an American company makes a deal to purchase TikTok until September 15.
Currently, Mark Zuckerberg’s net worth is $100 billion. He falls just behind Jeff Bezos and Bill Gates, who are worth $187 billion and $121 billion, respectively.
Bernard Arnault, the chairman and chief executive of LVMH Moët Hennessy, may also join the world’s most exclusive wealth club. His fortune has once crossed the $100 billion threshold. Today, the billionaire’s net worth reaches $81.4 billion.
