Mark Zuckerberg's fortune grows by
$8.5 billion as Meta shares
Mark Zuckerberg's wealth surges by $4.6 billion on strong Q2 earnings of Meta (parent company of Facebook).
Meta's shares rise 9% in New York, closing up 4.4%, the most since April.
Zuckerberg's net worth increases by $67.7 billion this year, now totaling $113.3 billion, ranking 10th on the Bloomberg Billionaires Index.
Most of Zuckerberg's fortune comes from Meta stock, which has gained 159% in 2023.
Meta reports robust results for Q2 and shows an optimistic outlook for the current period.
Larry Page and Sergey Brin of Alphabet also gain over $5 billion each after strong Q2 revenue for Google's search business.
Zuckerberg's wealth growth ranks second this year, only behind Elon Musk.
Meta's positive earnings report drives an increase in advertising spending, benefiting Zuckerberg and other tech billionaires.
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