New York, USA (CNN) — Nearly two months after losing his place among the world’s 10 richest people, Mark Zuckerberg is making a comeback. Shares of Meta, the parent company of Facebook and Instagram, rose more than 17% Thursday, making Zuckerberg nearly $11 billion richer in a single day. The stock had risen 19% earlier in the day, briefly boosting Zuckerberg’s fortune by $11.5 billion.
Although Meta missed Wall Street’s first-quarter revenue forecast and posted the slowest revenue growth in years, investors were celebrating its shift in user numbers – a key metric for advertisers.
Thursday’s sharp response was in stark contrast to the disastrous fourth-quarter meta results, which sent stocks plummeting in early February in the biggest one-day loss in Wall Street history. That loss also ousted Zuckerberg, who owns 13% of “Meta”, from his 9th position among the world’s richest people, according to the Bloomberg Billionaires Index.
As of Thursday’s close, Zuckerberg ranked 12th, with a net worth of $75.9 billion. And rank 8 among the wealthy in the technology sector.
Here’s a look at the infographic above on the ranking of the tech sector’s billionaires, and the amount of daily profits and losses according to the Bloomberg Billionaires Index.