Mark Zuckerberg, the CEO of Meta, formerly known as Facebook, has experienced a significant increase in his net worth following a surge in Meta stock. After a strong quarter, his net worth has reached $165 billion, surpassing that of Microsoft co-founder Bill Gates. The surge in stock has left him with a $28 billion paper windfall, making him the richest he has ever been.
In a remarkable turnaround from the company’s struggles in 2022, Meta reported a strong quarter with a beat on the top and bottom lines. The company’s profit tripled compared to the year-ago period, and it also announced a 50 cent quarterly dividend. As a result of the 22% surge in Meta stock, Zuckerberg’s net worth has reached $165 billion, and he is set to receive roughly $174 million in cash when the company pays out its first-ever dividend in March. This surge has left him with a $28 billion paper windfall, making him wealthier than Microsoft co-founder Bill Gates.
Zuckerberg’s net worth is closely tied to the performance of Meta stock. In 2021, his net worth peaked at around $142 billion, but a market-wide correction hit Meta harder than most, causing a significant decrease. However, the recent surge in stock has led to a remarkable change of fortune for Zuckerberg, making him wealthier than ever before.
The surge in Meta stock has not only benefited Zuckerberg but has also resulted in a significant increase in his net worth. This demonstrates the impact of company performance on the net worth of its key stakeholders, highlighting the close correlation between stock performance and personal wealth.
The significant increase in Zuckerberg’s net worth serves as a testament to the impact of company performance on the wealth of its key stakeholders. It also reflects the dynamic nature of personal net worth, which can experience substantial fluctuations based on the performance of associated assets, such as company stock.