Zuckerberg's net worth has surged by $78 billion this year, fueled by a record rise in Meta's shares, culminating in him now being the second richest person globally.
Meta's financial resurgence can be attributed to strong quarterly earnings, with a notable 22% sales increase to $39.07 billion in the second quarter, exceeding analyst expectations.
The significant investments in artificial intelligence have rejuvenated Meta's online advertising platform, helping recover from major setbacks caused by privacy changes implemented by Apple.
Zuckerberg's strategic cost-cutting measures have positively impacted investor sentiment, leading to higher stock prices even after laying off approximately 21,000 employees.
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