Overview

• Mark Zuckerberg’s net worth climbed to roughly $271 billion after Meta’s Q2 earnings beat spurred an 11% share jump that moved him past Jeff Bezos into the third-richest position.
• Meta delivered $47.5 billion in second-quarter revenue and $7.14 earnings per share, marking its 10th consecutive profit beat and 12th straight quarter of topping revenue projections.
• Investors pushed Meta stock up more than 11% on the earnings surprise, the company’s second-largest daily gain this year, capping a 40% recovery since April lows.
• Meta raised its annual capital expenditure forecast by $2 billion to $66–$72 billion to accelerate investments in artificial intelligence and infrastructure.
• Elon Musk and Larry Ellison remain the world’s richest and second-richest individuals with estimated fortunes of $403.5 billion and $306 billion, respectively.