Bill Gates is surpassed by Mark Zuckerberg, whose net fortune has increased by $28 billion

Bill Gates is surpassed by Mark Zuckerberg, whose net fortune has increased by $28 billion

In addition, Mark Zuckerberg, the CEO of Meta, will get around $174 million in cash when the business issues its first dividend in March.

With Meta continuing to pay out a 50% quarterly dividend, Mark Zuckerberg's annual income will exceed $690 million.

Mark Zuckerberg, co-founder and CEO of Meta, is now the wealthiest person alive. A 22% rise in the price of META stock allowed him to beat Bill Gates and become the fourth wealthiest person in the world, with $28 billion more in wealth.

Currently, Gates's fortune is at $124 billion, while theirs is at $165 billion. Elon Musk, Jeff Bezos, and Bernard Arnault are the only three individuals wealthier than Mark Zuckerberg, according to Forbes.

Because he holds over 350 million Class A and B shares, which are both eligible for the dividend, the CEO of Meta will also earn about $174 million in cash when the business pays its first dividend in March. According to CNBC, Zuckerberg would get more than $690 million annually if Meta maintains its 50% quarterly dividend.

Mark Zuckerberg also made news this week when he joined the mounting opposition to Apple's suggested App Store regulations in order to comply with the impending Digital Markets Act (DMA) of the European Union (EU). Zuckerberg said that the iPhone manufacturer had made the regulations "so onerous" and "in contradiction to the intent of the EU regulation" throughout the company's earnings conference call on February 1. If a developer opted to embrace the requirements, they would have to abide by them. Will be taken aback. ,

Zuckerberg said, "I doubt that the Apple thing is going to make any difference for us... I think it's going turn out to be very difficult for anyone, particularly us, to really seriously entertain what they're doing there."

for January 25, Apple said that it will modify the software Store's pricing structure in 27 EU nations starting in March 2024 and permit third-party software stores for iOS.

Along with Meta, Alphabet, Amazon, ByteDance, and Microsoft, Apple was identified as one of the six "gatekeeper" corporations in September 2023. The adjustments are a part of Apple's attempts to comply with the EU's Digital Markets Act.