It is reported by MarketWatch that the CEO of Meta platforms Mark Zuckerberg has turned the world’s fifth richest person according to the increase in Meta’s share price that leads to an increase in his net worth more than any other individual in 2023. In 2024, Zuckerberg’s net worth increased by $14.3 billion.
This value gave him 5th place on Bloomberg’s Billionaire Index. When Zuckerberg was a student at Harvard University, he initially stepped up in the year 2004 on the back of a surge in shares in the social media company. On Thursday, shares in the company rose 15% in post-market trading, after the decision of the Facebook owner to commence announcing its first ever dividend on the back of a sharp increase in the revenues of the firm.
This year, Meta shares have increased by 14% and by 109% over the previous year, with stock in the California firm up 933% since Facebook’s first public offering in 2012.
MarketWatch reported that the surge in Meta’s share price in out-of-hours trading on Thursday saw the firm’s market cap increase by more than $140 billion to $1.17 trillion.