• Only three billionaires have entered the "200 Billion Club": Elon Musk at $265 billion, Jeff Bezos at $216 billion, and Mark Zuckerberg.
• Zuckerberg's wealth surged by an unprecedented $72.2 billion this year, pushing his total assets past the $200 billion mark.
• He currently holds approximately 345.5 million shares, making him the largest shareholder of Meta.
• Meta's stock recently reached a historic high of $573.98. As of Tuesday (September 24), the company’s market capitalization stood at $1.43 trillion.

Zuckerberg attributes the company’s strong performance this year to its focus on artificial intelligence. "Meta AI is expected to become the most widely used AI assistant globally by the end of this year," he stated during the earnings call in July. In fact, the company’s revenue for the second quarter increased from $32 billion to $39.07 billion, a 22% year-over-year growth.

Bezos has rejoined this elite club thanks to a $39 billion increase in his net worth, now at $216 billion. Amazon's stock has risen about 28% this year, approaching $190, close to its all-time high.

At the beginning of the year, Musk's wealth was $229 billion. As of Monday’s close, his fortune surged by $36 billion in under nine months, reaching $265 billion, ranking first globally.

Earlier this year, LVMH CEO Bernard Arnault also reached a net worth of $200 billion. However, due to a nearly 16% drop in the company’s stock this year, Arnault's wealth has decreased by about $30 billion, currently standing at $177 billion.

Musk, Bezos, Zuckerberg, and Oracle's Larry Ellison have all significantly benefited from the AI boom. Investors bet that Tesla can leverage AI to power its autonomous vehicles and humanoid robots, Amazon can enhance its cloud services and e-commerce profits with AI, Meta can elevate social media and digital communications, and Oracle can prosper by renting out capacity from its AI data centers.

Follow us

Find us on Twitter, Instagram, YouTube, and TikTok for frequent updates on all things investing.

Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！

Important Notice and Disclaimer:

We have based this article on our internal research and information available to the public from sources we believe to be reliable. While we have taken all reasonable care in preparing this article, we do not represent the information contained in this article is accurate or complete and we accept no responsibility for errors of fact or for any opinion expressed in this article. Opinions, projections and estimates reflect our assessments as of the article date and are subject to change. We have no obligation to notify you or anyone of any such change. You must make your own independent judgment with respect to any matter contained in this article. Neither we or our respective directors, officers or employees will be responsible for any losses or damages which any person may suffer or incur as a result of relying upon anything stated or omitted from this article.

This document should not be construed in any jurisdiction as constituting an offer, solicitation, recommendation, inducement, endorsement, opinion, or guarantee to purchase, sell, or trade any securities, financial products, or instruments or to engage in any investment or any transaction of any kind, nor is there any intention to solicit or invite the purchase or sale of any securities.

The value of these securities and the income from them may fall or rise. Your investment is subject to investment risk, including loss of income and capital invested. Past performance figures as well as any projection or forecast used in this article is not indicative of its future performance.

This advertisement has not been reviewed by the Monetary Authority of Singapore