Mark Zuckerberg Net Worth 2024: The Meta CEO's Wealth Soared $28 Billion in One Day

By Jace Dela Cruz

Feb 03, 2024 05:41 AM EST

What is Mark Zuckerberg's net worth? The tech billionaire's fortune is once again in the spotlight following a milestone win for Meta.  

According to TIME, Zuckerberg is set to get even wealthier as Meta, the parent company of Facebook, of which the tech billionaire co-founded and serves as the CEO, have far exceeded Wall Street's expectations with its newly-released fourth-quarter earnings report.

Allen And Company Annual Meeting Brings Business Executives, Media Moguls, And Politicians To Sun Valley, Idaho
(Photo : Kevin Dietsch/Getty Images))
SUN VALLEY, IDAHO - JULY 08: CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. After a year hiatus due to the COVID-19 pandemic, the world’s most wealthy and powerful businesspeople from the media, finance, and technology worlds will converge at the Sun Valley Resort for the exclusive week-long conference.

Mark Zuckerberg's Net Worth Is Now $167. 9 Billion

Forbes estimated that Mark Zuckerberg's net worth increased by $29 billion on Friday alone due to the company's shares soaring up about 20%. Because of this, the Meta CEO is now worth $167.2 billion, the richest he's ever been, based on Forbes' billionaires list.

According to Fortune, Zuckerberg will surpass Microsoft co-founder and philanthropist Bill Gates's fortune and will move into the fourth spot on Bloomberg's billionaires list.

Bloomberg's real-time list shows that Zuckerberg has a net worth of $142 billion. However, the outlet has yet to update it following the earnings report. Last month, Forbes estimated his net worth to be about $139 billion.

READ NEXT: Meta CEO Mark Zuckerberg to Receive $700 Million a Year From the Company's New Dividend

Mark Zuckerberg's Fortune

Mark Zuckerberg's wealth dropped below $35 billion in late 2022 as tech stocks collapsed due to inflation and interest rate hikes but soared back in 2023. 

Zuckerberg is now expected to receive an annual payout of approximately $700 million from the social media giant's first-ever dividend for investors. On Thursday, Meta announced a quarterly cash dividend of 50 cents a share for Class A and B common stock beginning in March. 

With Zuckerberg holding roughly 350 million shares, he would receive around $175 million in every quarterly payment before taxes, according to data compiled by Bloomberg.

In 2022, the Meta CEO took home a total compensation of $27.1 million. According to filings, it included a base salary of $1 and private security costs. Meta has yet to report any executive compensation for 2023.

READ MORE: Netflix Co-Founder Reed Hastings Donates $1.1 Billion in Shares to Charity Favored by Tech Billionaires

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