Tesla CEO Elon Musk continues to hold the title of the world’s richest man, with an estimated net worth of $256 billion, according to the latest Bloomberg Billionaires Index released Friday, October 4.
The report also highlights a significant shift in the rankings, with Meta CEO Mark Zuckerberg surpassing Amazon’s Jeff Bezos to claim the second position. Zuckerberg, the 40-year-old co-founder and CEO of Meta, has climbed four spots this year on the wealth index.
Jeff Bezos, who experienced a $2.6 billion drop in his net worth in a single day, now holds the third position with a net worth of $205 billion.
Meta’s shares have surged by 23% since the company announced higher-than-expected sales in the second quarter and emphasized its efforts to develop advanced language models for AI chatbots. The stock reached an all-time high of $582.77 on Thursday.
Under Zuckerberg’s leadership, Meta has invested heavily in data centers and computing power to secure a leading position in the AI industry. The company is also advancing other long-term projects, such as the Orion augmented reality glasses introduced last month.
Zuckerberg, who owns a 13% stake in the Menlo Park, California-based company, has seen his fortune grow by $78 billion this year, the largest increase among the world’s 500 richest people tracked by the Bloomberg index.
No African is in the Index list of the first fifty richest in the world. Of the fifty, twenty-eight are from the United States. The rest is shared between China, Japan, France, Germany, Italy and India.
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