Mark Zuckerberg has seen his net worth plummet by more than $100 billion in the last 13 months as the stock price of his company, Meta, nosedived today, the NY Post reports.
Zuckerberg’s real-time net worth was pegged at $38.1 billion as of 11:26 a.m. Eastern time, according to Bloomberg Billionaires Index — plunging him out of the top 20 on the list of wealthiest people in the world.
In September 2021, Zuckerberg reached the height of his wealth with a net worth valued at $142 billion.
Since then, Meta’s stock price has fallen by more than 67% — including 22% on Thursday after the company’s quarterly report showed a massive drop in profits.
In May 2020, Zuckerberg was the third richest person in the world — ranked behind Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates. Since then, Tesla CEO Elon Musk has jumped to the top of the list.
But as of 11:30 a.m., Meta was trading at slightly more than $100 a share — its lowest stock price since 2016.
Shik em tomchei shabbos
Has he lost an ounce of arrogance in the process?
Ask me if I care.
Let’s start a chessed fund campaign for him.
Is now a good buying opportunity?