Yesterday the stock price of Meta Platforms Inc (Facebook) fell by more than 25%. This record one-day drop resulted in a $200 billion market value drop for Meta, the highest single-day market value wipeout in US market history.
Meta’s founder and CEO Mark Zuckerberg own a 12.8% stake in the company and after yesterday’s market crash Zuckerberg’s net worth dropped from $29 billion to $85 billion, according to Forbes.
After the $29 billion wealth wipeout, Mark Zuckerberg has now reached the 12th spot in Forbes’ list of real-time billionaires.
Indian businessman Mukesh Ambani and Gautam Adani are now above Zuckerberg in this list. According to Forbes’ real-time billionaire list, Adani’s net worth is $ 90.1 billion and the same Mukesh Ambani’s net worth is at $ 90 billion.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.