{"id":971433,"date":"2025-11-03T11:38:07","date_gmt":"2025-11-03T06:08:07","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=971433"},"modified":"2025-11-03T11:38:07","modified_gmt":"2025-11-03T06:08:07","slug":"two-words-that-wiped-away-29-billion-from-mark-zuckerbergs-fortune-in-just-one-day-taking-him-to-one-of-his-lowest-rankings-on-billionaires-index","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/03\/two-words-that-wiped-away-29-billion-from-mark-zuckerbergs-fortune-in-just-one-day-taking-him-to-one-of-his-lowest-rankings-on-billionaires-index\/","title":{"rendered":"&#8216;Two words&#8217; that wiped away $29 billion from Mark Zuckerberg&#8217;s fortune in just one day, taking him to one of his lowest rankings on Billionaires Index"},"content":{"rendered":"<p>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\u2019 stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg&#8217;s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg\u2019s wealth index.<\/p>\n<p>The 41-year-old CEO\u2019s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta\u2019s plan to issue $30 billion in new debt to fund artificial intelligence spending, according to Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019 stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg&#8217;s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg\u2019s wealth index. The 41-year-old CEO\u2019s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta\u2019s plan to issue $30 billion in new debt to fund artificial intelligence spending, according to Bloomberg.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-971433","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=971433"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971433\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=971433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=971433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=971433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}