Meta CEO and co-founder Mark Zuckerberg‘s net worth has reached an all-time high of $165 billion, making him wealthier than Microsoft co-founder Bill Gates. This surge in wealth is attributed to Meta’s strong fourth-quarter performance, leading to a 22% increase in Meta stock. Zuckerberg’s net worth is closely tied to Meta’s stock performance, and the recent gains mark a significant turnaround from the company’s challenges in 2022.
Key Points:
- Paper Windfall of $28 Billion: The 22% surge in Meta stock has resulted in a $28 billion paper windfall for Mark Zuckerberg. This increase in wealth is a reflection of Meta’s robust fourth-quarter performance.
- Net Worth Surpasses Bill Gates: With a net worth of $165 billion, Zuckerberg now surpasses Microsoft co-founder Bill Gates in terms of wealth. The ranking underscores Zuckerberg’s position as one of the wealthiest individuals globally.
- Cash Payout and Dividend: Zuckerberg is set to receive approximately $174 million in cash when Meta pays out its first-ever dividend in March. The company’s decision to issue a dividend represents a significant financial event for shareholders.
- Efficiency Measures and Market Correction: In response to a market-wide correction and criticisms over investment decisions, Zuckerberg implemented efficiency measures, including deep cuts across Meta. The company faced challenges in 2022, and its stock price hit a low point in October and November.
- Strong Fourth-Quarter Performance: Meta reported fourth-quarter earnings that surpassed expectations, demonstrating growth in key metrics and a significant increase in net income compared to the previous year. The company’s overall valuation stands at $1.2 trillion.
Mark Zuckerberg’s fortunes are once again closely tied to Meta’s success, and the recent surge in wealth reflects investor confidence in the company’s performance and strategic direction.