Mark Zuckerberg became the second richest person in the world, money rained from the bet played on AI

On Thursday, Mark Zuckerberg became the second richest person in the world for the first time. Talking about wealth, he even overtook Amazon founder Jeff Bezos which happened due to steady rise in the shares of Meta Platforms. Initially, Zuckerberg's investment in Metaverse and AI was a huge failure, now it has turned out to be successful in recent months. According to the Bloomberg Billionaires Index, Zuckerberg's net worth reached an all-time high of $206.2 billion on Thursday. With this increase, he overtook Amazon's Bezos by $1.1 billion in terms of wealth. Now only Tesla's Elon Musk is ahead of him in this matter. Whose wealth is about $ 50 billion more than Zuckerberg. Shares of Meta surged 23% after better-than-expected sales in the second quarter and a shift toward bigger language models that power AI chatbots. On Thursday, shares closed at an all-time high of $582.77. Meta has been spending heavily on data centers and computing power. It seems the company is working toward having Zuckerberg gain the lead in the AI race. Other than this, the company has also started working on other long-term projects. These include Orion augmented reality glasses, which the company announced last month. He owns 13% of the Menlo Park, California-based company that has seen him gain $78 billion this year the most among the 500 richest people in the world tracked by the Bloomberg Index. Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg is positioned 4th among billionaires around the world. 40-year-old Zuckerberg has moved four places on the wealth index this year.

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