Mark Zuckerberg, the chief executive of Meta – the parent company of Facebook, Instagram and WhatsApp – could receive $700m (£549m) a year in dividends from the company's first-ever dividend announced for investors.
On Thursday, Meta announced it would pay its first-ever quarterly dividend to investors since Facebook floated on the stock market in 2012, after beating Wall Street expectations with $40bn in revenues for the final quarter last year.
With Mr Zuckerberg holding about 350 million shares, he would take home about $175 million in each quarterly payment before taxes, according to Bloomberg data.
In 2022, the 39-year-old took home $27.1 million in total compensation, including private security costs and a base salary of $1, according to Meta’s filings with the US Securities and Exchange Commission. Meta has not yet revealed executive compensation for 2023.
Meta had a market value of about $1.01 trillion at the close of trade on Thursday.
“We had a good quarter as our community and business continue to grow,” Mr Zuckerberg said.
“We have made a lot of progress on our vision for advancing AI [artificial intelligence] and the metaverse.”
Mr Zuckerberg is best known for co-founding the social media service Facebook, along with his Harvard roommates in 2004, but what else does the tech mogul own?
What does Mark Zuckerberg own?
Meta (formerly known as Facebook, Inc.) is the parent company for most of Mr Zuckerberg’s ventures. Under Meta falls the following acquisitions and subsidiaries:
Facebook - Facebook’s app and website allow users to post and share text, photos, and multimedia with other users.
Facebook Connectivity - a partnership between Meta and connectivity companies like Samsung, Ericsson, MediaTek, Opera Software, Nokia, and Qualcomm to expand affordable internet access in underserved areas.
Instagram - Meta's photo and video-focused social media app.
WhatsApp - Meta's instant messaging and voice-over-IP (VoIP) service
Novi - Meta's foray into the world of fintech
Chan Zuckerberg Initiative - a philanthropic foundation created in December 2015 by Mr Zuckerberg and his wife, Priscilla Chan.
