According to Forbes’ Real-Time Billionaires List, Zuckerberg’s net worth increased by roughly $8.6 billion (5.1%) as of around 2:45 p.m. EDT, bringing it to about $175.5 billion.

The chairman and chief executive officer of the luxury goods firm LVMH, Arnault, lost $588 million, bringing his net worth down to an estimated $174.1 billion.

As Meta’s stock rose 5.5% at market close, increasing Zuckerberg’s net worth, LVMH’s stock fell somewhat (0.3%).

With an estimated net worth of $183.5 billion, Amazon founder Jeff Bezos is the second-wealthiest person in the world, while Elon Musk is still the wealthiest person in the world with an estimated net worth of $223.6 billion. Zuckerberg is second only to Bezos.

Big Number

13.4 percent. Even though LVMH stock surged as much as 22% up until March 13, as of Tuesday its shares were down for the year. Meta’s recent spike in share price follows the announcement of a 73% increase in the company’s profit for the second quarter. The stock is up about 45% year-to-date. Also, Meta’s earnings per share of $5.16 were higher than expected, coming in at $4.72.

Key Background

A few months ago, we had a shakeup at the top of our billionaire tracker. Earlier this year, Arnault was the wealthiest person in the world. However, Musk surpassed him and took over the position in May, succeeding Bezos, who had held the top spot for almost two years. After a similar battle with Musk in March, Bezos and Arnault switched places multiple times in June to become the world’s second-wealthiest person.

Frequently Asked Questions on Zuckerberg Becomes 3rd-Richest Person in the World

Q: Who is the richest person in the world currently?

A: Elon Musk is currently the richest person in the world.

Q: What caused Mark Zuckerberg’s net worth to increase?

A: A rise in Meta’s share price contributed to Zuckerberg becoming the third richest person.

Q: Who did Mark Zuckerberg overtake to become the third richest person?

A: Zuckerberg overtook Bernard Arnault, the CEO of LVMH.

Q: How much is Mark Zuckerberg worth?

A: As of the time of the article, Mark Zuckerberg’s net worth was estimated at $175.5 billion.

Q: What is the difference in net worth between Zuckerberg and Arnault?

A: At the time of the article, the difference was approximately $1.4 billion.

Q: How does Zuckerberg’s wealth compare to Jeff Bezos?

A: Jeff Bezos is the second richest person, with a net worth estimated at $183.5 billion, slightly higher than Zuckerberg’s.

Q: Why did Meta’s stock price increase?

A: Meta’s stock price increased due to better-than-expected earnings results.

Q: How did LVMH’s stock perform compared to Meta?

A: LVMH’s stock experienced a slight decline, contributing to Arnault’s drop in the wealth rankings.