Zuckerberg to Get $700 Million a Year From Meta’s New Dividend

February 02, 2024

(Bloomberg) — Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg stands to receive a payout of about $700 million a year from the social media giant’s first-ever dividend for investors. Most Read from BloombergMeta announced a quarterly cash dividend of 50 cents a share for Class A and B common stock beginning in March. With Zuckerberg holding about 350 million shares, he would take home about $175 million in each quarterly payment before taxes, according to data compiled by Bloomberg. Meta’s move to pay a dividend sends a signal about the company’s view of its growth potential. Zuckerberg took home $27.1 million in total compensation in 2022, including private security costs and a base salary of $1, according to filings.