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