x

Mark Zuckerberg Gains $26.7 Billion in a Day After Meta’s Record-Breaking Earnings

Meta CEO Mark Zuckerberg added a staggering $26.7 billion to his fortune on Thursday, marking one of the biggest single-day wealth increases in tech history. The surge came after Meta Platforms Inc. posted exceptional second-quarter earnings, sending its stock to an all-time high.

Zuckerberg, who owns around 13% of Meta’s shares, now has a net worth of $266.7 billion, according to Forbes’ real-time billionaire tracker. The leap — more than 11% in just 24 hours — places him as the third richest person in the world.

Meta’s Blockbuster Quarter

Meta reported $47.52 billion in revenue for Q2 2025, a 22% increase year-over-year, far exceeding Wall Street expectations. Earnings per share hit $7.14, while daily active users across Meta’s platforms — including Facebook, Instagram, and WhatsApp — rose to 3.48 billion.

Speaking to analysts, Zuckerberg credited artificial intelligence as the major driver behind the company’s performance:

“AI allowed us to drive more advertising revenue and deliver better experiences across our platforms,” he said.

Meta’s head of global business, Nicola Mendelsohn, echoed the sentiment in a LinkedIn post, calling AI “the catalyst for greater efficiency and gains across our ads system.”

Meta also raised its Q3 revenue outlook to between $49.5 billion and $50.5 billion, and increased its full-year capital expenditure forecast to $72 billion, signaling heavy investment in AI and metaverse projects.

Smart Glasses a Surprise Hit

In an unexpected turn, Meta’s Ray-Ban smart glasses — created in partnership with EssilorLuxottica — have sold over 2 million units since launching in October 2023. The AI-powered glasses allow users to take photos, make calls, and interact with Meta AI.

EssilorLuxottica reported a threefold increase in smart glasses sales during the first half of 2025 compared to the same period in 2024. Building on that momentum, Meta launched a new line in collaboration with Oakley in July.

Zuckerberg’s Growing Tech Empire

Zuckerberg, who launched Facebook in 2004 from his Harvard dorm room, has transformed the platform into a global tech powerhouse that includes Instagram, WhatsApp, and its growing virtual and augmented reality ventures.

In 2021, the company rebranded as Meta to reflect its shift toward building the metaverse — a digital future blending physical and virtual experiences.

Despite his immense wealth, Zuckerberg and his wife, Priscilla Chan, have pledged to donate 99% of their Meta shares over their lifetimes.

But for now, thanks to Meta’s historic quarter, Zuckerberg’s fortune continues to grow — underscoring his enduring influence in the global tech landscape.

Hot this week

Pray for Peace, Development of Nigeria, Mahmoud Urges FCT Christian Pilgrims

By Joyce Remi-Babayeju FCT Minister of State, Dr. Mariya Mahmoud,...

Taraba LG Boss Denies Alleged Involvement in Pipeline Vandalism

By Our Correspondent Concerned citizens of Ardo-Kola Local Government Area...

Speaker Abbas Moots Africa-Asia Trade, Investment Frameworks at Parliamentary Conference

...presents scorecard on gender inclusion, AI regulation bills, others By...

Alhaji Saleh Zazzaga Celebrates Gov. Mutfwang’s Ally Yari Kumchi on Birthday

By Israel Adamu, Jos Chairman of the North Central APC...

Troops kill wanted bandit Babangida in Kogi gun duel

By Noah Ocheni, Lokoja Troops of the 12 Brigade, Nigerian...

Pray for Peace, Development of Nigeria, Mahmoud Urges FCT Christian Pilgrims

By Joyce Remi-Babayeju FCT Minister of State, Dr. Mariya Mahmoud,...

Light Up Abuja Programme: Wike To Flag-Off Construction of New Roads, Light Projects

By Joyce Remi-Babayeju The Minister of Federal Capital Territory (FCT),...

Tinubu tasks Catholic Bishops on national peace and development

By Ogenyi Ogenyi, Uyo President Bola Tinubu has called on...

CSGGG Hails Rivers Sole Administrator’s Leadership

…Says Peace Brokered, Trust Restored…Lauds Transformative Governance, Credits Tinubu’s...

Tribune Abuja Bureau Chief, Dr. Leon Usigbe, Laid to Rest Amid Cries, Tributes

By Joyce Remi-Babayeju The late Tribune Abuja Bureau Chief, Chief...

Breaking: FG Set to Integrate Organ Transplant Services Into NHIA

… To End Unethical Local Organ Transplantation Practices By Joyce...

Atissa Youth Council Urges NDDC to Rescue Famgbe, Obogoro from Erosion

By Amgbare Ekaunkumo, Yenagoa Two historic communities in Bayelsa State,...

Sokoto-Badagry Superhighway to Boost Trade, Regional Integration

By Muhammad Ibrahim, Sokoto The Sokoto-Badagry Superhighway project, a major...

Related Articles

Popular Categories

spot_imgspot_img