Economics/Class Relations

Mark Zuckerberg lost $100 billion in last 13 months as Meta stock plunges 25%

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 Thursday.

Zuckerberg’s real-time net worth was pegged at around $37 billion, 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 25% 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.

Meta closed Thursday at $97.94 a share — its lowest stock price since 2016.

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