How Much Money Did Mark Zuckerberg Lose Today? He's No Longer A Top 10 Billionaire

Zinger Key Points
  • The stock of Facebook took a historic drop Thursday, falling more than 26%.
  • The 37-year-old founder lost a sizeable chunk of his net worth.
How Much Money Did Mark Zuckerberg Lose Today? He's No Longer A Top 10 Billionaire

Facebook co-founder and Meta Platforms FB CEO Mark Zuckerberg had a rough day Thursday as shares fell hard after the company’s quarterly report.

What Happened: A drop in the price of Meta Platforms shares dropped the net worth of Mark Zuckerberg by around $30 billion, according to Bloomberg.

Shares of Meta Platforms lost over $230 billion in value, which was the biggest one-day loss in U.S. history for a stock.

With Thursday’s drop in Zuckerberg’s net worth, he falls out of the top 10 of the Bloomberg Billionaires Index — a top 10 he has been a member of since July 2015.

Related Link: Meta Platforms (Facebook) Q4 Earnings Takeaways: Big EPS Miss, Revenue Beat, New Ticker 

Why It’s Important: Zuckerberg has been a staple of the most wealthy people in the world. Prior to the earnings report, Zuckerberg had a net worth of $121 billion, ranking seventh on the list.

With the large drop in Meta’s share price, Zuckerberg now ranks 11th on the list with a net worth of $92 billion.

Many of the billionaires have seen their net worth fall in 2022, including Zuckerberg who was down $4.9 billion for the year prior to Wednesday. Through Jan. 30, the top 10 billionaires on the list had lost around $150 billion in combined net worth.

In November 2021, Tesla Inc TSLA CEO Elon Musk saw his net worth fall more than $50 billion over a two-day period. A $35 billion one-day drop in net worth by Musk in November was the second biggest one-day drop.

The largest one-day fall in net worth by a member of the index is Amazon.com Inc AMZN founder Jeff Bezos, who saw his net worth fall $36 billion in one day after his divorce from MacKenzie Scott in 2019.

FB Price Action: Meta shares closed down 26.4% to $237.76 on Thursday. Shares hit a new 52-week low of $235.45 and have traded as high as $384.33 over the last year.

Photo: Anthony Quintano, Flickr

Posted In: Bloomberg Billionaires IndexElon MuskFacebookJeff BezosMackenzie ScottMark ZuckerbergNewsMovers & ShakersManagementTop StoriesMoversTrading IdeasGeneral