SAN FRANCISCO, CALIFORNIA – As the head of internet research at Evercore ISI, Mark Mahaney recently shared his top Big Tech stock picks during an appearance on ‘Varney & Co.’ One standout in the tech world is Mark Zuckerberg, whose net worth has soared to an impressive $200 billion, landing him among just a few billionaires in the U.S. who have achieved this milestone.
Zuckerberg, the CEO of Meta Platforms, has seen a significant increase in his personal fortune this year, with a $1.06 billion boost in one trading day alone. With a jump of $72.2 billion since the beginning of the year, his wealth has reached remarkable heights. Alongside Tesla CEO Elon Musk, the world’s wealthiest individual with a net worth of $265 billion, Zuckerberg stands out among the richest in the tech industry.
One of the main sources of Zuckerberg’s wealth is his holdings in Meta Platforms, the parent company of Facebook, Instagram, WhatsApp, and Threads. With a nearly 62.5% increase in its stock price year to date, Meta Platforms’ market capitalization has reached $1.42 trillion.
According to a report from Informa Connect Academy, Zuckerberg could potentially become a trillionaire by the early 2030s if his net worth continues to grow at its current rate. While Zuckerberg has been on the billionaire list since 2008, Musk is predicted to achieve a thirteen-figure net worth by 2027, making him the “clear favorite” to reach this milestone before anyone else.
The success of both Zuckerberg and Musk highlights the immense wealth generated in the tech industry, with their companies contributing significantly to their personal fortunes. As Zuckerberg’s Meta Platforms continues to expand its reach and influence through its various platforms, the billionaire’s wealth is expected to grow even further in the coming years. Musk, on the other hand, remains a key figure in the electric vehicle and space exploration sectors, driving his net worth to unprecedented levels.