So far this year, Mark Zuckerberg, founder of Meta Platforms (NASDAQ: FB) and Facebook, has posted a $9 billion increase in net worth to $217 billion, according to the Bloomberg Billionaire list. He is behind Elon Musk, the world’s richest person. A ban of TikTok, which competes with Zuckerberg could help keep his net worth moving up.
Unlike Musk, Zuckerberg does not have a lot of other huge investments. Musk owns pieces of SpaceX and xAI. Together, the value of these two investments could certainly be worth close to $100 billion.
The increase of Zuckerberg’s net worth this year is almost completely due to the stock price of Meta . It is up almost 5% compared to a 2% improvement in the S&P 500. Meta has a market cap of $1.55 trillion, just ahead of Tesla’s number.
Facebook’s share value is up 63% in the last year compared to 25% for the S&P. The primary reason is that several earnings statements show it remains the dominant social network company. Its underlying revenue which comes primarily from advertising has been strong. Facebook has about 18% of the world’s total digital ad revenue. The only platform ahead of it is Google at 39%.
More recently, Meta’s shares have been driven by the possible shutdown of TikTok, which competes directly with Meta’s Instagram. If TikTok’s 170 million users cannot use the platform, one of the likely places to go is Instagram.
TikTok was shut down recently for a brief time because of a bill approved by Congress, signed by President Biden and supported by the Supreme Court. Donald Trump has temporarily lifted this ban.
If TikTok closes, Zuckerberg should get richer
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.