The $200 Billion Club Now Has Three Members: Elon Musk, Jeff Bezos, and Mark Zuckerberg

Among the world’s nearly 8 billion people, only three have made it into the exclusive $200 billion club: Elon Musk, Jeff Bezos, and the latest entrant, Mark Zuckerberg. According to the Bloomberg Billionaires Index, Musk, the Tesla CEO and world’s richest person, leads the pack with a net worth of $268 billion, followed by Amazon founder Bezos at $216 billion, and Meta CEO Zuckerberg, who recently hit the $200 billion milestone.

Zuckerberg’s rapid rise in 2024, with an astonishing $71.8 billion increase in his wealth, puts him ahead of other tech moguls such as Oracle co-founder Larry Ellison and former Microsoft CEOs Bill Gates and Steve Ballmer. The majority of Zuckerberg’s fortune stems from his approximately 13% stake in Meta Platforms, which equates to about 345.5 million shares, based on Meta’s April proxy statement.

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In addition to his growing wealth, Zuckerberg is known for his symbolic $1 annual salary, offset by other forms of compensation. This year alone, he received $24.4 million in “other compensation.” Despite his vast fortune, Zuckerberg has committed to donating the majority of his wealth to philanthropic causes. When his wife Priscilla Chan gave birth to their daughter in December 2015, Zuckerberg announced plans to give away 99% of his Meta stock to support various charitable initiatives.

Zuckerberg’s philanthropic efforts have included a $100 million donation to the Newark, New Jersey, public school system, 36 million shares to the Silicon Valley Community Foundation, and a $3 billion pledge to fund research aimed at curing or managing all diseases by the year 2100.

With his wealth continuing to grow, Zuckerberg’s presence in the $200 billion club underscores the significant financial impact of the tech industry’s top leaders.