Mark Zuckerberg made more than $28 billion this morning after Meta stock makes record surge
CNN
Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.
Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break. The Meta founder and CEO — who is already worth more than $140 billion, according to Bloomberg’s billionaire index — has cleaned up from Meta’s share price skyrocketing over the past day, after the company announced its first-ever cash dividend program. On Friday, shares of Meta (META) jumped more than 20% on the news of a quarterly dividend of $0.50 per share to be paid out on March 26 to shareholders of record as of February 22. Zuckerberg owns about 350 million shares of the company, according to the US Securities and Exchange Commission Unless he sells or buys more shares of company stock, and assuming the quarterly dividend remains at the same level, Zuckerberg will also gain off of the company’s dividend payouts to the tune of approximately $700 million per year. While dividends excite shareholders because they reward investors for just holding the stock, they’re also widely criticized for artificially inflating the stock price without spending on employees or improvements to the underlying business.
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