Mark Zuckerberg is among the top gainers in wealth this year as Meta shares surge | Business Insider

Business Insider USMark Zuckerberg's net worth is up $11.6 billion this year so far thanks to gains in Meta shares.Meta shares were boosted by the company's announcement that it will continue to cut costs this year.Mark Zuckerberg's cost-cutting measures for Meta have borne fruits for investors — and himself — as the company's share price surged 20% after hours on Wednesday.

The after-hours bump adds to Meta stock's winning streak, taking its gains to over 50% this year. This has in turn boosted Zuckerberg's net worth by $11.6 billion this year — taking his fortune to $57.2 billion, according to theThe rise in Zuckerberg's fortune is impressive because it put him in the fifth spot in terms of year-to-date gains behind fellow billionaires

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Meta shares soar as Zuckerberg ushers in ‘year of efficiency’Meta Platforms CEO Mark Zuckerberg struck a new tone with investors on Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big focus on artificial intelligence. Zuckerberg’s so yesterday
Source: dailymaverick - 🏆 3. / 84 Read more »

Mark Zuckerberg makes a U-turn on metaverse spending as Reality Labs is hit with a new efficiency mantra | Business InsiderMeta CEO Mark Zuckerberg has gone in a few months' time from pushing the metaverse as the future of his company to it being just another long term project.
Source: BISouthAfrica - 🏆 34. / 51 Read more »