Mark Zuckerberg joins elite $200 billion club, becomes world's fourth richest person
New York: Mark Zuckerberg, the CEO of Meta, has officially joined the exclusive $200 billion club, positioning him as the fourth richest person globally.
Recent data from Bloomberg's Billionaire Index shows that Zuckerberg's net worth has skyrocketed to $201 billion, making him the fourth richest person in the world, just behind Amazon founder Jeff Bezos, Tesla CEO Elon Musk, and LVMH CEO Bernard Arnault.
Elon Musk tops the list with a total net worth of $272 billion, followed by Jeff Bezos at $211 billion, and Bernard Arnault with $207 billion.
Zuckerberg's wealth surged by a whopping $73.4 billion in 2024. Much of the 40-year-old's fortune comes from Meta's stock, which increased by nearly 64 percent this year. Meta operates popular social media platforms such as Facebook, Instagram, and Threads, along with the instant messaging app WhatsApp.
During the recent Meta Connect 2024 event, Zuckerberg highlighted the company's ambitious AI initiatives, stating, “We're nearing 500 million monthly active users, and we haven't even launched in some major markets like as those in the European Union.”
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SC refuses to entertain plea to impose ban on social media usage for children below 13 years
New Delhi (PTI): The Supreme Court on Friday refused to entertain a plea seeking to impose a statutory prohibition on social media usage for children below 13 years.
"It is a policy matter. You ask Parliament to enact the law," a bench of Justices B R Gavai and Augustine George Masih told the counsel appearing for the petitioner.
"We are not inclined to entertain the present petition in as much as the relief sought is within the domain of policy," the bench said.
While disposing of the plea, it granted liberty to the petitioner to make a representation to the authority.
The bench said if such a representation was made, the same be considered in accordance with law within eight weeks.
The plea, filed by Zep Foundation, sought directions to the Centre and others to mandate the introduction of robust age verification system, such as biometric authentication, to regulate children's access to social media platforms.
The petition, filed through advocate Mohini Priya, also sought to implement strict penalties for social media platforms failing to comply with children protection regulations.
