Mark Zuckerberg Crosses the $100 Billion Net Worth Plateau

Although many people are struggling financially in 2020, Mark Zuckerberg is not one of those individuals. Financial reports indicate that his net worth has risen by over $22 billion since January, allowing him to become the third person in the United States to cross the $100 billion mark.

That means he is currently third in overall wealth behind Jeff Bezos (Amazon) and Bill Gates (Microsoft).

Zuckerberg owns approximately 13% of Facebook, which he helped to create in 2004. Stocks surged recently with news that the social media platform is launching a rival to TikTok, allowing him to achieve the rare financial feat.

If Zuckerberg follows through with his stated goal of giving away 99% of his shares within his lifetime, that increase bodes well for future charitable organizations.

Jeff Bezos Is Worth Over $171 Billion

Despite his high-profile divorce, Jeff Bezos is still the world’s wealthiest individual with his role in leading Amazon. Although MacKenzie received 25% of the couple’s shares at the time of their separation, the company’s shares recently topped $2,870 to give him a massive boost.

Although Amazon has seen significant criticism over its handling of the COVID-19 pandemic, the online platform received more revenues as people turned to it for their everyday needs. It was enough money to encourage the company to hire more workers and raise employee pay. 

Zuckerberg may have earned over $22 billion, but it is Bezos who is the big winner. Estimates suggest that the world’s richest person added another $56 billion to his coffers in 2020.

Although those numbers are impressive, they are still nowhere near where the world’s wealthiest people once stood. Andrew Carnegie sold his steel company to J.P. Morgan in 1901 for $480 million. At his personal peak, his net worth was approximately $380 million. When you put in over a century of inflation to those totals, that value was about $310 billion in today’s figures.
It is also important to note that the world’s 46.8 millionaires and billionaires collectively own $158.3 trillion.