Mark Zuckerberg's Net Worth Drops Over $22 Billion As Meta Stock Slides

The net worth of Meta’s centibillionaire CEO Mark Zuckerberg dropped by more than $22 billion-or 13%-on Thursday, as shares of the Facebook parent slumped after the tech giant’s first-quarter earnings call exceeded expectations but anticipated slow growth. Zuckerberg is still the fourth richest person in the world, behind LVMH’s Bernard Arnault, Amazon’s Jeff Bezos and Tesla’s Elon Musk.$36.46 billion. That’s how much Meta earned in sales during the first quarter of 2024, exceeding estimates of $36.14 billion. It was up 27% from the previous year. Facebook co-founder Dustin Moskovitz’s net worth also fell by $2 billion-or 11.63%, according to Forbes’ calculations. He is 103rd on Forbes’ billionaires list, with an estimated net worth of $15.8 billion. Meta Stock Tanks 10% Despite Big Earnings Beat (Forbes)Meta stock plummets after Zuckerberg touts money-losing projects (NBC News)
All data is taken from the source: forbes.com
Article Link: www.forbes.com/sites/caileygl...
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