Facebook's $148 billion nosedive means Mark Zuckerberg could tumble down Bloomberg's Billionaire Index
Following Facebook's astonishing fall in market value on Wednesday , CEO Mark Zuckerberg is at risk of losing third place on Bloomberg's Billionaires Index . The social network's value plunged nearly 24% after its disappointing Q2 earnings report and executives (including Zuckerberg) warning of slowing revenue growth. Shares recovered slightly, closing after-hours trading down 20.2% at $217.50. Bloomberg reports that Zuckerberg's fortune took a hit of $16.8 billion as a result, and that if Facebook's drop in value holds through to end of trading on Thursday, then he will slip down its Billionaires Index by three places. Zuckerberg is currently worth $86.5 billion, but the loss would push him under the $70 billion mark. This would mean he drops from number three to number six, putting him behind Amancio Ortega, the founder of retail chain Zara. The loss would also negate his $13.7 billion of gains for the year. |
Turkey imposes export restrictions on Israel until Gaza ceasefire
116409.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
100202.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
177930.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
180929.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
210127.03.2024, 14:36EU approves 13th sanctions package against Russia
508821.02.2024, 14:54