The descent into hell continues for Mark Zuckerberg. While his company Meta yesterday unveiled a catastrophic financial statement, the businessman’s fortune is now cut by 31 billion dollars, or 27 billion euros. A tumble that takes him out of the top 10 richest people in the world for the first time.
Rarely will we have seen such an impressive fall. The record is certainly still held by Elon Musk, who lost 35 billion dollars last November following an unfortunate Twitter poll, but the news is no less boring for Mark Zuckerberg. However, the CEO of Meta is not at his first attempt. In October 2021, the latter had already lost $ 6 billion due to the outage that hit all Facebook applications.
Still, today’s loss is on a whole different scale. This morning, Mark Zuckerberg’s bank account saw $31 billion evaporate, or 27 billion euros. Blame it on Meta’s tumble on the stock market, whose stock lost 26% of its value on Thursday, December 3, from 320 to 237 dollars. Yesterday, the firm had already presented a catastrophic financial balance sheet, which therefore does not seem to be improving today.
Mark Zuckerberg steps out of top 10 richest people in the world
The one who previously occupied the eighth place in the Forbes list of the richest people in the world is now relegated to 12th place after the recent update. Note, however, that Bloomberg’s ranking is more lenient with the businessman, who still places him in the top 10 with an estimated fortune of $89.6 billion (about 78 billion euros).
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Meta is currently going through troubled times. After the loss of one million daily users on Facebook, the company is unable to cope with the popularity of TikTok, whose supremacy it also recognizes in the social network market. By trying to reinvent itself thanks to the metaverse, it only manages to invest billions of dollars which are not proving to be very lucrative for the moment.
