From Fortune Magazine:

Facebook co-founder Mark Zuckerberg’s net worth surged by $28.1 billion after Meta’s quarterly results exceeded Wall Street’s expectations, sending its shares up about 20%. This makes Zuckerberg worth $170.5 billion, moving him to fourth place on the Bloomberg Billionaires Index. He is also set to receive a $700 million payout annually from Meta’s first-ever dividend.

The company’s positive results further include an announcement of a quarterly cash dividend of 50 cents a share for Class A and B common stock starting in March. With Zuckerberg holding about 350 million shares, he could take home about $175 million in each quarterly payment. This move reflects Meta’s view of its growth potential and may win more patience from investors with Zuckerberg’s long-term bets on artificial intelligence and the metaverse.

In 2022, Zuckerberg took home $27.1 million in total compensation, including private security costs and a base salary of $1. No reports have been made yet for last year’s compensation. Following the positive news, a spokesperson for Meta declined to comment.



Read more: Mark Zuckerberg’s net worth just soared $28 billion in one day after Meta’s shares went on a tear