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Mark Zuckerberg lost $29 billion in net worth on Thursday as Facebook parent company Meta’s stock marked a record one-day plunge.
The Daily Sabah reports that more than 26% wipeout in Meta Platforms, as Facebook’s parent company is now known, erasing more than $230 billion in market value, easily the biggest one-day loss in history for a United States company.
According to Forbes, that pulled down Zuckerberg's net worth to $85 billion. Mark Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook.
Mark Zuckerberg’s one-day wealth decline is among the biggest ever and comes after Elon Musk’s of Tesla $35 billion single-day loss in November.
Following the $29 billion wipeout, Zuckerberg is in the 12th spot on Forbes’ list of real-time billionaires, below Indian business moguls Mukesh Ambani and Gautam Adani.
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