Mark Zuckerberg Now 12th Richest Man in the World, Earns $667 Million in 24 Hours, Dangote Makes N39 Billion
- Mark Zuckerberg has seen wealth rise to $88 billion in the last 24 hours
- The Facebook founder and Meta CEO earned about $667 million as his company's stock rebounded
- Aliko Dangote earned about N29 billion in 24 hours and is now worth $20.5 billion
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Meta CEO Mark Zuckerberg is now the world's 12 wealthiest person as his net worth soared to $88 billion after earning a whopping $667 million in 24 hours.
Meta's stock soared by 14% on Thursday, April 27, 2023, after reporting $28.6 billion in the first quarter of 2023.
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Zuckerberg's wealth increases by $10 billion
Because the Facebook founder's wealth increased by $10 billion to top $88 billion, the highest in 12 months, he is now the 12th richest man on earth, Bloomberg Billionaires Index says.
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Zuckerberg's fortunes come from his 13% stake in Meta, the parent company of Facebook, Instagram, and WhatsApp. Forbes reports that Zuckerberg's wealth is $85 billion.
The tech billionaire moved up one spot on the list and is ahead of India's Mukesh Ambani, Asia's richest man, worth $82.5 billion.
The 38-year-old splurges on Italian sports cars and Haiwain real estate despite reportedly leading a down-to-earth lifestyle.
Zuckerberg lost $70 billion in 2022
Business Insider reports that his current fortune is in contrast to 2022, when his wealth plummeted by $70 billion in the first nine months of the year.
The loss saw him slide down to the 20th wealthiest man in the world on Bloomberg's list in September last year.
An industry-wide slump and his heavy investment in the metaverse also badgered Zuckerberg's wealth last year, which left him with $35 billion in net worth in November 2022.
Dangote wealth surges
Meanwhile, Nigeria's Aliko Dangote saw his net worth hit $20.5 billion on Friday, April 28, 2023.
Africa's richest man made $84. 6 million in 24 hours to wipe off the previous day's loss, which saw him lose close to $1 billion.
Dangote's wealth comes from his 85% stake in Dangote Cement, Africa's biggest cement manufacturer.
Dangote, however, dropped from one place down the billionaire index from the 81st position he occupied last week, behind Indonesia's Michael Hartono.
Dangote, others brace up as new dollar billionaires emerge in Africa in 2023
Legit.ng reported that Africa is currently experiencing an upsurge in wealthy individuals, despite not having the highest number dollar billionaires globally.
Forbes reports that the continent is home to about 46 billionaires and that in the next decade, private wealth is expected to rise by 30%, with millionaires and billionaires leading the growth.
BusinessInsider says the continent has many up-and-coming billionaires with high net worth. These individuals have succeeded remarkably in various industries, including technology and real estate.
Source: Legit.ng
