‘Two words’ that wiped away $29 billion from Mark Zuckerberg’s fortune in just one day, taking him to one of his lowest rankings on Billionaires Index
This week saw Facebook-parent Meta CEO Mark Zuckerberg fall from third to fifth place on the Bloomberg Billionaires Index. The plunge happened after Meta’ stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg’s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg’s wealth index.
The 41-year-old CEO’s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending, according to Bloomberg.
