Mark Zuckerberg is set to rake in $700 million a year from Meta's first-ever dividend

• Meta announced a 50-cent-per-share quarterly dividend on Thursday.
• Meta cofounder and CEO Mark Zuckerberg, who owns 350 million shares, stands to receive $700 million in yearly dividends.
• Zuckerberg is the world's fifth-richest person with a $142 billion fortune thanks to Meta's stock price gains.

On Thursday, Meta announced its first-ever dividend — and major shareholder Mark Zuckerberg is set to rake it in.

Zuckerberg, who is Meta's cofounder and CEO, holds 350 million Meta shares — or a 13% stake — in Meta, according to data compiled by Bloomberg.