This advancement in the billionaires ranking came to strengthen Zuckerberg’s position in the global technological market, in light of the growing reliance on Artificial intelligence tools.
In the details of the numbers, Mark Zuckerberg’s net worth amounted to about $266.4 billion on Thursday, driven by a rise in the stock. Meta Company increased by 4.5%, reaching $777.59 per share, recording its highest closing level since the beginning of Current year.
Zuckerberg's wealth witnessed an exceptional jump, amounting to about $25 billion on Monday alone, as a result of increased Investors’ confidence in the “Muse” application. Last Wednesday, the young billionaire also succeeded in unseating Sergey Brin, the co-founder of Google, to occupy the number one spot. Fifth, before continuing its rise to overtake Michael Dell to grab fourth place.
Meta’s stock recorded an increase of 17.8% since the beginning of the year, while the “Muse” application topped the list of the most free applications. Downloaded on the App Store bypassing the "GPT Chat" application.
On the other hand, Michael Dell's wealth fell by $5 billion on Thursday to settle at $265.4 billion, In conjunction with the decline in Dell Technologies shares by 2.5% to close at the level of $536.02, recording losses for the session. Fifth in a row.
The company's stock suffered a decline of about 9% this week, in what is considered a temporary setback for a stock that had achieved huge gains. Its percentage has reached 325% since the beginning of the year, as it was trading at the level of $127 at the beginning of January.
Read also: CoinMENA becomes the first digital currency platform to be launched within the regulatory laboratory of the Central Bank of Jordan (JoRegBox)
Dell had previously risen in September to second place on the Forbes list, overtaking Larry Page, co-founder of the company. Google.
The data shows that the artificial intelligence boom has revived the revenues of both companies. Dell Technologies benefited from huge demand for infrastructure equipment, announcing record revenues of $47 billion. In its last quarter, $16.4 billion of it came from artificial intelligence servers and model training.
On the other hand, Meta achieved strong growth in its revenues during the second quarter, with an increase of 28% to reach $60.8 billion, with expectations of Its capital expenditures will range between 130 and 145 billion dollars during the current year to support its technological path.
