Mark Zuckerberg Gets $10 Billion Richer After Meta’s Home Run Earnings Report (2024)

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Mark Zuckerberg Gets $10 Billion Richer After Meta’s Home Run Earnings Report (2024)

FAQs

Mark Zuckerberg Gets $10 Billion Richer After Meta’s Home Run Earnings Report? ›

Remarkably, Zuckerberg's net worth has now risen by more than $10 billion following each of Meta's last two earnings reports, having tacked on some $12 billion following the February report that similarly topped top and bottom-line estimates.

Why did Mark Zuckerberg lose a lot of money? ›

Thursday wasn't the worst day ever for Zuckerberg's bank account. In early 2022, he lost almost $30 billion in a single day, when his company's stock price tumbled 26% on weak earnings and disappointing guidance.

What is Mark Zuckerberg's net worth in billion? ›

Key Facts. Meta shares sank more than 13% to 426.47 as of 11:18 a.m. ET on Thursday, with Zuckerberg's net worth standing at $151 billion at around 11:15 a.m. ET, down $22.1 billion on the day.

How much money does Mark Zuckerberg have in his bank account? ›

CEO Mark Zuckerberg significantly increased his wealth in 2023, adding $84 billion to his net worth, as reported by Business Insider. As of January 2024, he is the fifth-richest person in the world with a net worth of $139.1 billion, according to the Forbes Real Time Billionaire's List.

How much of Meta does Mark Zuckerberg own? ›

Zuckerberg owns 13% of Meta, and the holding makes up the bulk of his wealth.

How much money has Meta lost on metaverse? ›

But it has lost money so far—a lot. The progress toward making the metaverse a reality hasn't been without growing pains, to say the least. Meta's Reality Labs division, which houses its efforts to break into the metaverse, has lost around $46.5 billion since 2019, the company revealed in its latest earnings report.

How much money did Mark Zuckerberg lose when Facebook went down? ›

In Short. Meta CEO Mark Zuckerberg lost nearly $3 billion in a day after the company's flagship platforms Facebook and Instagram faced a global outage.

Who is the no. 1 richest person in the world? ›

Bernard Arnault

Who is the youngest billionaire? ›

According to Forbes Billionaires List 2024, a 19-year-old Brazilian student Livia Voigt was named the youngest billionaire. She took this title from an Italian teen, Clemente Del Vecchio, who is just two months older than her.

At what age did Mark Zuckerberg become a billionaire? ›

Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.

Are there any trillionaires? ›

As of today, no billionaire is within striking distance of becoming a trillionaire.

Who is the richest family in the world 2024? ›

Synopsis. Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance.

What bank is for billionaires? ›

JP Morgan Private Bank

“J.P. Morgan Private Bank is the more elite program serving ultra-high-net-worth individuals,” Naghibi said. “It offers comprehensive services in savings, checking and retirement account management.

How much of Microsoft does Bill Gates own? ›

Key Takeaways. Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares. Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake. Vanguard and Blackrock are the two largest Microsoft's institutional investors.

Has Meta ever made a profit? ›

Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.

Who is Meta owned by? ›

Meta is a publicly traded company owned by its shareholders. The company's top shareholder is founder and CEO Mark Zuckerberg. He owned almost 350 million shares (13.5% of its outstanding shares) worth more than $120 billion as of early 2024.

How did Mark Zuckerberg lose his net worth? ›

Mark Zuckerberg's fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled, allowing Tesla Inc.'s Elon Musk to cement his status as the world's third-richest billionaire.

When did Mark Zuckerberg lose his money? ›

Meta CEO Mark Zuckerberg's net worth has dropped by over $100 billion since last September. Since the start of 2022, Mark Zuckerberg has lost nearly as much money as Warren Buffett has to his name, as Meta, the company he controls, has invested billions of dollars into an immersive “metaverse.”

How much money did Mark Zuckerberg lose in a day? ›

Mark Zuckerberg, founder, chairman and CEO of Meta, lost over USD 2.79 billion in a day to USD 176 billion in his new worth, as per Bloomberg Billionaires Index, but he maintained his position as the world's fourth-richest person.

Did Mark Zuckerberg lose 7 billion dollars? ›

Mark Zuckerberg Loses $7 Billion in Net Worth as Facebook Stock Falls (FB) - Bloomberg.

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