In the wake of a historic victory for Meta, the parent company of Facebook—of which he co-founded and serves as CEO—Mark Zuckerberg’s finances are once again drawing notice. With Meta’s recently announced fourth quarter profits report exceeding expectations, the millionaire is expected to become even wealthier.
According to Forbes, a major increase in Meta’s share price on Friday alone caused Zuckerberg’s net worth to rise by $29 billion. According to Forbes’ real-time billionaires list, Zuckerberg’s total net worth was estimated at $167.9 billion at the time of publication. The newspaper had calculated Zuckerberg’s net worth to be approximately $139 billion in January.
In its own real-time list, Bloomberg estimated Zuckerberg’s net worth to be $142 billion; however, the publication has not updated this figure following the release of the earnings report.
Outlets estimate Zuckerberg’s net worth by valuing his other assets, like his real estate portfolio, and by using Meta share values. Small variations between outlets are common.
According to report, Mark Zuckerberg is presently the fourth and fifth richest person in the world, respectively.
Through the Chan Zuckerberg Initiative, Zuckerberg and his spouse, Priscilla Chan, have pledged to contribute 99% of their money during their lifetimes. Since its founding in 2015, the organization has committed awards totalling more than $4.9 billion.
For Zuckerberg, this week has been significant. Together with other prominent tech CEOs, Meta spoke before the Senate on the increase of sexually explicit content featuring children on social media platforms, which in return caused a spike in company shares.
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