Mark Zuckerberg is set to make $700 million a year from Meta’s first-ever dividend

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Meta co-founder and CEO Mark Zuckerberg.Kevin Deitch/Getty Images

  • Meta declared a quarterly dividend of 50 cents per share on Thursday.

  • Meta co-founder and CEO Mark Zuckerberg, who owns 350 million shares, is expected to receive $700 million in annual dividends.

  • Zuckerberg is the fifth richest person in the world with a fortune of $142 billion thanks to Meta stock price gains.

On Thursday, Meta reported its first-ever earnings – and Major shareholder Mark Zuckerberg is set to ignite it.

Zuckerberg, who is the co-founder and CEO of Meta, owns 350 million Meta shares – or 13% stake – in Meta, According to data compiled by Bloomberg.

Since Meta declared a 50 cents per share dividend for Class A and Class B common stock, Zuckerberg will receive $175 million each quarter. Dividends are scheduled to be paid starting in March.

The dividend amounts to $700 million a year from Zuckerberg’s earnings alone — plus price gains in Meta’s stock price, which is up nearly 200% in 2023.

Zuckerberg is already the fifth richest person in the world with a fortune of $142 billion, according to a report published by the British newspaper “Daily Mail”. Bloomberg Billionaires Index.

He’s had a good 2024 so far, with his fortune up 11.2% on the back of a continued rise in Meta shares, which rose further on Thursday after Meta reported earnings.

Dead on Thursday It announced fourth-quarter earnings that exceeded expectations. On a full-year basis, Meta’s revenue was up 16% over last year and its profits swelled 69% over the same period to $39 billion.

Meta’s strong performance came next “Year of efficiency” In 2023, when Laid off – temporarily laid off Thousands of employees.

dead Shares were up 15.2% at $454.85 per share in after-hours trading after closing up 1.2% on Thursday. The stock is up 11.5% this year so far.

Meta did not immediately respond to a request for comment from Business Insider. A spokesman declined to comment Bloomberg.

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