Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

CEO Mark Zuckerberg Surpasses Microsoft Founder Bill Gates to Become the 4th Wealthiest Person

wikitree Views  

Mark Zuckerberg, CEO of Meta Platforms / Frederic Legrand – COMEO-Shutterstock.com

The stock price of Facebook’s parent company, Meta Platforms, has surged, significantly increasing the wealth of CEO Mark Zuckerberg.

On February 2nd (local time), Meta’s stock price closed at approximately 635,774 won ($474.99) on the New York Stock Exchange, a whopping 20.32% increase from the previous day. This marked an all-time high. The market capitalization also increased by 267 trillion won ($200 billion) in a single day, reaching a record $1.221 trillion.

The stock price surge was thanks to the financial results announced the previous day. After the announcement, the stock price in after-hours trading jumped about 15%, and it rose even more during regular trading.

According to Meta, their revenue for the last quarter increased by 25% compared to the same period a year ago. The total profit jumped three times more compared to the same period last year.

Moreover, they announced the implementation of dividends for the first time, showcasing the company’s future performance. The dividend is $0.50 per share. They also revealed a $50 billion plan to buy back their shares, which further fueled the stock price increase.

Due to this surge in stock prices, the wealth of CEO Mark Zuckerberg also increased. Bloomberg, releasing their Billionaires Index, explained, “Zuckerberg’s assets were worth $142 billion until the previous day, but with the stock price rising over 20%, his asset value increased by $28 billion in a single day, skyrocketing to $170 billion.”

Thanks to this, Zuckerberg surpassed Microsoft founder Bill Gates to become the world’s fourth-richest billionaire. Zuckerberg holds approximately 13% of Meta’s shares, or 350 million shares. As a result, he is expected to earn hundreds of billions won in dividends. If Meta pays $0.5 per share per quarter, Zuckerberg’s quarterly dividend would be $175 million, and he could earn $700 million in dividends per year.

wikitree
content@www.kangnamtimes.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • Here’s What It Said on North Korea’s Propaganda Leaflets that Dropped Near Presidential Office
  • Why Samsung’s Founder Said 'Burn Them All' to His Own Phones

Weekly Best Articles

  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited
  • Google’s Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

You May Also Like

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Weekly Best Articles

  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited
  • Google’s Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

Must-Reads

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Share it on...