Rebounding Meta Sales Boost Zuckerberg's Fortune By $10 Billion

There was a surge in Mark Zuckerberg's wealth Thursday, as the company surprised investors with robust first-quarter sales and increased its wealth by more than $10 billion, the third-biggest jump in his lifetime.

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As a result of the earnings report, Meta shares rose 14%, increasing Zuckerberg's fortune to $87.3 billion. 

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This boosted Zuckerberg to 12th position on the Bloomberg Billionaires Index. 

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Despite his wealth being higher than it has been in more than a year, Meta's chief executive officer is the first to achieve this level. 

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As a result of Thursday's move, Zuckerberg's wealth has recouped 57% of the $71 billion it lost in 2122, when he lost $57 billion after setting up a metaverse and struggling to gain market share because an industry-wide slump impacted the company's future growth prospects. 

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Using Thursday's results as a platform to justify his continued investment in the artificial intelligence and virtual reality industries, the billionaire used the results of Thursday to support his position. 

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In addition to lowering its spending and laying off workers in what Zuckerberg and company have described as "the year of efficiency," the Menlo Park, California-based company has also focused on cutting costs. 

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On Feb. 2, Zuckerberg's net worth rose $12.5 billion, up from $11 billion a year ago, the biggest increase they've ever had in one day.

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