Meta Platforms (Nasdaq: META) founder and CEO Mark Zuckerberg celebrated Facebook’s 20th anniversary by cashing in on the tech giant’s gains. On Thursday, he disclosed that he sold $134 million worth of shares earlier this week, and on Wednesday sold the most in one day since 2018.
SEC filings show that Zuckerberg, who holds 13% of Meta’s shares, has sold shares worth about $765 million since November.
Before this selling spree, the last time Zuckerberg sold Meta shares was in November 2021. The equity’s price, which saw a seven-year low during an advertising slowdown and his Metaverse obsession post-pandemic, rebounded by 194% last year.
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According to the Bloomberg Billionaires Index, Zuck’s wealth has grown $40.7 billion year-to-date and it’s only been 40 days since the year started. He’s now fourth on the list, overtaking Microsoft (Nasdaq: MSFT) founder Bill Gates, with an estimated net worth of $169 billion.
Information for this story was found via EDGAR, X, Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
