Meta CEO Mark Zuckerberg surpassed Jeff Bezos to become the world’s second richest person as his net worth reached $206.2 billion, according to the Bloomberg Billionaires Index. With this, Mark Zuckerberg topped the $205.1 billion net worth of former Amazon CEO and president Jeff Bezos. At present, the Facebook co-founder trails Tesla CEO Elon Musk by almost $50 billion, the index showed.

Meta shares have risen 23% since reporting better-than-expected sales in the second quarter and touting its push into the type of large language models that power AI chatbots. The stock closed Thursday at an all-time high of $582.77.

Meta has spent heavily on data centres and computing power as Zuckerberg works to build a leading position in the industry-wide AI race. The company has also moved ahead with other long-term projects, including its Orion augmented reality glasses, which the company introduced last month.

Earlier on October 3, Mark Zuckerberg made headlines for being a fan of memes, too, and his reaction to being asked about his favourite one will leave you chuckling.“In our interview with Mark Zuckerberg, we asked him what his favourite meme is, and this was his response… What kind of memes do you think Zuck has on his phone!? Pubity wrote as they posted a video of the billionaire.

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