Mark Zuckerberg's net worth spikes a record $12.5 billion as Meta's cost-cutting plans send shares soaring

• 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 over 20% on Thursday.
• 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 23% on Thursday.