Mark Zuckerberg's Wealth Surges By $28 Billion As Meta Stock Rallies
NDTV
Mark Zuckerberg is now worth $170.5 billion, the richest he's ever been, and surpassed Bill Gates to move into the fourth spot on the Bloomberg Billionaires Index.
The Facebook co-founder's net worth surged by $28.1 billion after Meta's quarterly results far exceeded Wall Street's expectations, sending its shares up about 20%. He is now worth $170.5 billion, the richest he's ever been, and surpassed Bill Gates to move into the fourth spot on the Bloomberg Billionaires Index.
It's a big comeback for Zuckerberg's wealth, which fell below $35 billion in late 2022 as tech stocks collapsed in the face of inflation and interest rate hikes, only to come soaring back in 2023.
The upbeat results will benefit Zuckerberg in other ways, too: He stands to receive a payout of about $700 million a year from the social media giant's first-ever dividend for investors.
