Mark Zuckerberg jumps to 4th place on world's billionaires list

Mark Zuckerberg, the founder and CEO of Facebook's parent firm, Meta Platforms, jumped to fourth place on the world's billionaires list Friday, as Meta shares soared on strong financial results, Anadolu cites the tally. 

The Forbes Real-Time Billionaires List said Zuckerberg's net worth jumped $27.6 billion, or 19.88 per cent to $167 billion.

It moved Zuckerberg, 39, above Microsoft co-founder Bill Gates, investor guru Warren Buffett and Oracle co-founder Larry Ellison.

He was trailed by Amazon founder Jeff Bezos, who stands in third place with almost $194 billion, and SpaceX, Tesla and X CEO Elon Musk with $198 billion at second.

Bernard Arnault, 74, chairman and CEO of French fashion powerhouse LVMH Moët Hennessy Louis Vuitton, is first with $212 billion.

Zuckerberg's steep climb came after Meta saw its income more than triple to $14 billion in the fourth quarter, according to its financial statement released Thursday.

Revenue increased 25 per cent year-on-year to $40.11 billion, while the company managed to lower costs and expenses by 8 per cent.

With strong results, the stock price of Meta Platforms jumped 20.3 per cent to close Friday at $474.99.

Zuckerberg is estimated to have a 13 per cent stake in Meta.