Meta Platforms Inc. CEO Mark Zuckerberg's wealth surged by $41 billion this year, making him the second richest individual globally, with a net worth of $248 billion. Much of this growth is attributed to Meta's strong performance, with a market cap of $1.78 trillion and a 20% rise in share price. Facebook, Meta's flagship platform, commands significant digital ad revenue, second only to Google. Meta's recent success was partly fueled by competition with TikTok, suggesting potential user shifts to Instagram if TikTok faces shutdown in the U.S.
Mark Zuckerberg's wealth has surged by $41 billion to reach $248 billion in 2023, positioning him as the second richest person globally, following Elon Musk.
Meta Platforms, with a market cap of $1.78 trillion, has seen a 20% rise in share price to $703, reflecting strong revenue growth and user engagement.
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