Mark Zuckerberg drops below top 5 richest people, loses $5 billion wealth as Meta stock slides 2.3% — here’s why
Tech mogul Mark Zuckerberg lost $5 billion of his wealth tied to Meta stocks on 6 November, after shares dropped by 2.3% on reports that internal projections peg a “chunk” of the company’s revenues to come from running advertisements for scams, Forbes reported.
As a result, Mark Zuckerberg, who throughout the year has been the third richest person in the world after Tesla chief Elon Musk and Oracle’s Larry Ellison, lost $5 billion of his net worth due to the stock drop on 6 November.
