Facebook co-founder Mark Zuckerberg loses almost $30bn in a day.
The Meta boss saw his net worth decrease by almost $30 billion following the record-breaking plunge of Meta shares on Thursday
Forbes reports that With a current net worth of $84.3 billion, it is the first time the 37-year-old hasn’t been one of the 10 richest people on earth since summer 2015. Zuckerberg owns nearly 13% of Meta, which is a rebrand from Facebook. Shares of Meta dropped nearly 25 per cent in after-hours trading after the firm announced lower-than-expected revenue figures, as well as a decline in Facebook users or the first time in its 18-year history.
Zuckerberg’s $29.8 billion loss is the second-largest single-day loss in history, surpassed only by the $35 billion that the world’s richest man Elon Musk lost in November after he tweeted about selling 10% of his Tesla stake.
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