Mark Zuckerberg is now California's richest billionaire after his fortune surged over the last year, report says
Chris Unger
- Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes.
- The Meta CEO's wealth has grown notably this year as the company's stock has continued to rise.
- Zuckerberg owns multiple properties in California, per Architectural Digest.
Mark Zuckerberg is now the richest billionaire in California, with a net worth of $177 billion, a new Forbes report said.
The report, which maps out the richest billionaire in each state for 2024, said the Meta CEO overtook Google cofounder Larry Page as the Golden State's richest person.
Zuckerberg has a roughly 13% stake in Meta, which has helped see his fortune surge over the past year as the stock continued its gains from 2023, rising by around 23% so far this year.
The stock was buoyed in 2023 by the company's big cost cutting measures such as mass layoffs and also by its investments in AI and the metaverse.
Zuckerberg's net worth placed him behind Texas' richest person, Tesla CEO Elon Musk, and Amazon founder Jeff Bezos, who took the title in Florida.
The 54 billionaires researched by Forbes for the report were together worth $1.6 trillion, $100 billion more than in 2023, the outlet said.
It added that 47 states were home to at least one billionaire.
Zuckerberg has built an extensive property portfolio in California.
Architectural Digest reported in 2022 that the tech billionaire had 10 homes across the state, including in San Francisco, Palo Alto, and Lake Tahoe.
He also has a number of other properties on Kauai, Hawaii, per Architectural Digest.
While he had a base salary of just $1 in 2023, the Meta boss also took home a huge $24.4 million in "other compensation" for the year.
Representatives for Zuckerberg did not immediately respond to a request for comment from Business Insider, which was made outside normal working hours.