Shares of Meta, the parent company of Facebook and Instagram, surged more than 17% on Thursday, making Zuckerberg nearly $11 billion richer in a single day. Earlier in the day, shares surged 19%, briefly adding $11.5 billion to Zuckerberg’s net worth.
As of the end of Wednesday, Zuckerberg was in 18th place with a net worth of $65 billion. Thursday’s rally should lift him up a few notches and boost his net worth to around $76 billion.
Meta also noted that its business has been affected by Russia’s war in Ukraine – Facebook and Instagram were blocked in Russia last month – and expects these issues to continue into the current quarter.
— Claire Duffy of CNN Business contributed to this report.