Facebook CEO Mark Zuckerberg Loses $15 Billion in Just 5 Minutes
Mark Zuckerberg, the founder and CEO of the most popular social networking platform Facebook lost $15.1 billion in just 5 minutes! For most of the world’s richest people, losing $15.1 billion in five minutes would be a wipeout. However, for Mark Zuckerberg, it’s just about a sixth of his net worth.
The Facebook CEO lost a considerable amount of wealth as shares of the social-media giant plunged 19 per cent on Thursday. This loss recorded the biggest one-day wipeout of individual wealth ever recorded on the ranking, which started tracking the world’s biggest fortunes in 2012.
Other big Facebook investors also took a hit as disappointing second-quarter results terminated $119 billion of market value, the most ever in a day for a U.S. company. Co-founders Dustin Moskovitz and Eduardo Sa...