Zuckerberg Becomes World's Fourth Richest as Meta Stock Rises

Meta Platforms CEO Mark Zuckerberg has risen to become the world's fourth wealthiest person, overtaking Michael Dell, the chairman and CEO of Dell Technologies. The shift in ranking comes as Meta's stock value has seen a notable increase.

As of the market close on September 24, Meta's stock price stood at $777.59, marking a 4.5% gain. The company's market capitalization reached $1.98 trillion. Zuckerberg's estimated net worth climbed to $266.4 billion, positioning him among the top global billionaires.

Zuckerberg now ranks behind Elon Musk, Jeff Bezos, and Larry Page on the Forbes global billionaires list. A key driver for Meta's stock performance is believed to be the recent launch of its AI assistant, Muse. The service has reportedly garnered a strong positive reception from users and investors alike.

Muse is designed to assist users with tasks such as booking travel, sending emails, and managing connected home devices. Zuckerberg has identified it as a crucial step in Meta's strategy to achieve "personal superintelligence." Initial data suggests Muse has quickly gained market traction, with reports indicating it surpassed ChatGPT in downloads on the US iOS platform shortly after its release.