Mark Zuckerberg. saw one of the biggest drops in his net worth on Thursday, 4th February 2022, when Meta saw its biggest one-day plunge ever.
Even in this, he is only the second person to see such a crash, with the first being Elon Musk when last year in November the Tesla CEO lost a whopping $35 billion in his net worth all because he tweeted that he planned on selling 10% of his company shares.
This resulted in several investors trying to make their move resulting in Tesla’s stock dipping by 12%. All this though didn’t really touch Musk’s position as the wealthiest man in the world with a net worth of $231 billion.
Zuckerberg, on the other hand, has not been so lucky, since his loss has resulted in his dropping by two rankings, that is going from number 7 on the world’s richest man list to No.11, he is now below Mukesh Ambani and Gautam Adani. Warren Buffett has now risen to take up the No.7 rank on the list.
How Did Zuckerberg Lose So Much?
Meta Platforms Inc (FB.O) saw its biggest single-day crash yet when its stock dropped by a massive 26% resulting in a loss of over $200 billion.
Given that Zuckerberg owns about 12.8% of stake in Meta (formerly Facebook) he saw a loss of around $29 billion from his earlier $120.6 billion net worth. This also led to his ouster from the world’s ten richest people for the first time since 2015.
The founder and Chief Executive Officer of Meta’s current net worth is somewhere around $85 billion as per Forbes, though it keeps fluctuating.
The dip in the company’s stock could have also been because of the lose in daily users that the Facebook app saw recently. As per reports on Wednesday, Facebook lost around one million daily active.
Social media also reacted to this news in the only way how, through memes. Given the extreme dislike of Zuckerberg online and that of rich people in general, it was only obvious this would be done so.
Read More: ResearchED: Real Reasons Why Facebook Rebranded To Meta
mark zuckerberg in the metaverse after seeing the $FB price pic.twitter.com/9D9CgHrXqO
— LilMoonLambo (@LilMoonLambo) February 3, 2022
Although on the other side this is probably just a temporary drop and Zuckerberg and Meta will once again make the billions they lost, since obviously the users are still going be added into this universe.
Image Credits: Google Images, David Talukdar/Shutterstock
Sources: NDTV, Reuters, The Indian Express
Find the blogger: @chirali_08
This post is tagged under: Mark Zuckerberg, Mark Zuckerberg net worth, Mark Zuckerberg stake in meta, Mark Zuckerberg wealth, Mark Zuckerberg meta crash, meta crash, Mark Zuckerberg net worth crash, meta one day crash, meta biggest crash
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