Mark Zuckerberg, the CEO and co-founder of Meta, has reached a new peak in wealth, surpassing Bill Gates to become the fourth richest person globally. This significant increase is attributed to a 22% surge in Meta’s stock price, adding $28 billion to Zuckerberg’s net worth, now standing at $165 billion, while Gates holds $124 billion. Forbes ranks only Bernard Arnault, Elon Musk, and Jeff Bezos ahead of Zuckerberg in wealth.
Additionally, Zuckerberg is set to receive approximately $174 million in cash when Meta issues its first-ever dividend in March. This windfall is a result of his ownership of around 350 million Class A and B shares, both eligible for the dividend. If Meta maintains its 50-cent quarterly dividend, Zuckerberg could potentially earn over $690 million annually, as reported by CNBC.
Notably, Zuckerberg recently made headlines by joining the critique against Apple’s proposed App Store policies in alignment with the European Union’s (EU) Digital Markets Act (DMA). During Meta’s earnings conference call on February 1, Zuckerberg expressed concerns about the “onerous” and seemingly contradictory rules imposed by Apple, predicting that developers, including Meta, would find it challenging to comply.
The controversy revolves around Apple’s decision to allow third-party app marketplaces on iOS and adjust its App Store fee structure in 27 EU countries starting March 2024. These changes are part of Apple’s efforts to adhere to the EU’s Digital Markets Act, which designated it as one of six “gatekeepers” companies alongside Meta, Alphabet, Amazon, ByteDance, and Microsoft in September 2023.
That’s an insane amount of wealth for one person.
Wow, the gap between the ultra-rich and the rest of us continues to grow.
It’s astonishing how quickly someone can accumulate billions.
Imagine what you could do with $28 billion…
I wonder how much money is too much for one person to have.
It’s crazy to think about the power someone like Zuckerberg must have.
Money really does breed money.
The rich seem to keep getting richer.
It’s interesting to see the shift in wealth from traditional industries to tech.
Zuckerberg’s rise in wealth reflects the dominance of social media in today’s world.
I wonder how this affects his perspective and priorities.
Does this mean we’ll see a shift in the ranking of the world’s wealthiest individuals?
With great wealth comes great responsibility.
Bill Gates has held that title for so long, it’s strange to see someone surpassing him.
It’s fascinating how quickly the rankings can change in the billionaire’s club.
Zuckerberg’s reign as the richest person in the world begins.
The gap between the ultra-rich and the rest of us keeps widening.
Makes you wonder what his secret to success is.
Zuckerberg’s exponential wealth growth is mind-boggling.
Can’t even begin to fathom how much $28 billion actually is.
The tech industry continues to dominate the billionaire rankings.
Bill Gates must be getting used to being dethroned from the top spot.
Looks like Zuckerberg’s wealth is skyrocketing!
Impressive to see how quickly tech entrepreneurs are amassing huge fortunes.
Wow, talk about a massive leap in wealth for Zuckerberg!