Mark Zuckerberg's net worth spikes $12 billion as Meta's cost-cutting plans send shares soaring

Thu, 02/02/2023 - 10:50

Mark Zuckerberg smiles while walking outside at 2021 Sun Valley conference — Gains in Meta's share prices are boosting Mark Zuckerberg's net worth this year so far.
Kevin Dietsch/Getty Images

Mark Zuckerberg's net worth increased by roughly $12 billion in a single day thanks to Thursday gains in Meta shares.
Meta shares are up over 50% this year after surging 21% on Thursday morning.
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 21% on Thursday morning.