BusinessMark Zuckerberg Tops the Charts in Earnings as Meta's Shares Skyrocket

Mark Zuckerberg Tops the Charts in Earnings as Meta’s Shares Skyrocket

Wow! Meta Platforms CEO Mark Zuckerberg has just become the fifth richest person in the world after a huge jump in Meta’s share price. His net worth has skyrocketed more than any other individual in 2024, increasing by $14.3 billion so far, according to Bloomberg’s Billionaire Index.

Zuckerberg’s 13% stake in Meta
META,
+19.00%

is set to make his net worth boom even further in the coming days after a surge in the social media company’s shares. After declaring its first ever dividend and a big increase in revenues, Meta’s shares rose 15% in post-market trading on Thursday, increasing the company’s market cap by more than $140 billion to $1.17 trillion.

Meta shares have increased by 14% in 2024 and by 109% over the previous 12 months, and Zuckerberg, who already became the world’s youngest self-made billionaire aged 23, is set to receive $700 million a year in dividends from Meta. With a current net worth of $142 billion, Zuckerberg now sits behind Tesla
TSLA,
-1.44%

CEO Elon Musk ($205 billion) on the list of the world’s richest individuals.

So, as the world’s richest person, Elon Musk, has seen a drop in wealth more than any other individual in 2024, Zuckerberg is making history with his continuous increase in wealth. Want to read more about it? Check here.

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