Here’s how Zuckerberg lost $30 billion in one day


Mark Zuckerberg net worth plummeted by $30 billion as Meta Platforms’ shares dropped to a new all-time low, while fellow billionaire Jeff Bezos was set to increase his personal wealth by $20 billion following Amazon’s excellent gains.

Meta’s stock dropped 26%, wiping out more nearly $200 billion in the largest single-day market value wipeout in US history. According to Forbes, this slashed Facebook’s founder and CEO Mark Zuckerberg’s net worth to $85 billion.

About 12.8 percent of the tech giant previously known as Facebook is owned by Zuckerberg.

According to Refinitiv data, Bezos, the founder and chairman of e-commerce store Amazon, owns around 9.9% of the company. According to Forbes, he is also the world’s third richest man.

Read more: Zuckerberg took $7 billion loss within hours of Facebook outage that cut off 3 billion users

Amazon’s holiday-quarter financial gain soared owing to its investments in Rivian, an electric vehicle company, and the company announced it would raise annual Prime subscription prices in the United States, sending its stock up 15% in extended trading and putting it on track for its biggest percentage gain since October 2009 on Friday.

According to Forbes, Bezos’ net wealth increased by 57% to $177 billion in 2021 from a year earlier, owing to Amazon’s growth during the pandemic, when people were heavily reliant on online buying.

This is the biggest ever decline in one day in wealth for the Zuckerberg, however, he is not the only one who saw a massive decline as the Tesla boss and the richest person saw a massive decline of $35 billion on November 2021, when Elon asked its twitter followers that whether he should sell 10% of his share in Tesla? And immediately after that Tesla shares were dropped.

With $30 billion loss in a single day, Facebook now under Meta’s creator Mark Zuckerberg is sitting at the twelfth place, as per Forbes updated list.

Most Popular

To Top