Meta Rally Boosts Zuckerberg Net Worth Above $268 Billion

Meta CEO Mark Zuckerberg experienced a massive surge in net worth, rising by nearly $28 billion to a record $268 billion following Meta's strong second-quarter earnings report. The company's shares hit an all-time high, up over 12% after reporting $47.5 billion in revenue and $7.14 earnings per share, both significantly beating Wall Street expectations. Zuckerberg, who owns about 13% of Meta, became the third-richest person globally, surpassing Amazon's Jeff Bezos, due largely to Meta's aggressive investments in artificial intelligence and its expanding hardware business, including the successful Ray-Ban Meta smart glasses. During earnings calls, Zuckerberg emphasized Meta's focus on AI, describing it as a key driver of advertising revenue growth and user engagement. Despite Zuckerberg's recent stock sales totaling approximately $90 million, he maintains substantial holdings in Meta. The rise in Zuckerberg's fortune coincides with broader tech market gains, including Microsoft reaching a $4 trillion valuation.