Facebook founder Mark Zuckerberg lost a huge amount of $3 billion, in just a single day.
The lost is pretty hefty in all these years as the chief of the most popular social media platform Facebook, suffered an enormous loss in the value of Facebook stock on Thursday. This $3bn loss is considered to be one of the largest single-day losses ever, for an individual investor.
According to CNN, Facebook shares plunged 5.5% after the chief financial officer of Facebook, warned the investor that the company expects revenue growth from advertising to “come down meaningfully”. Zuckerberg is currently owner to Facebook’s 418 million shares, whilst the company is worth almost $50.2 billion.
Bloomberg has predicted Zuckerberg’s total net worth, which has fallen to the digits $52.2 billion, placing him among the richest men in the world, at the rank of fifth-richest man in the world, just behind Warren Buffett. Regardless of the plunge Facebook had experienced Thursday, Facebook shares are up nearly 15% for the year, lifting Mark Zuckerberg’s total worth by $6.4 billion.