Facebook Owner Mark Zuckerberg Losses $29Billion Dollars In A Day As Meta shares Crash

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Facebook Chairman and CEO Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s (FB.O) stock marked a record one-day plunge.

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Meta’s stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a U.S. company.

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Mark Zuckerberg

That pulled down founder and Facebook Chief Executive Officer, Mark Zuckerberg net worth to $85 billion, according to Forbes.

Mark Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook.

Mark Zuckerberg’s one-day wealth decline is among the biggest ever and comes after Tesla Inc (TSLA.O) top boss Elon Musk’s $35 billion single-day paper loss in November.

Following the $29 billion wipeout, Mark Zuckerberg is in the twelfth spot on Forbes’ list of real-time billionaires, below Indian business moguls Mukesh Ambani and Gautam Adani.

Credits To Reuters, Forbes, Edited By Africhome News Team

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