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Bloomberg

Mark Zuckerberg, the chairman and chief executive of Facebook, lost more wealth in a single day than the entire market value of Molson Coors Brewing Co, or Nasdaq or Ralph Lauren Corp.
About 175 companies in the S&P 500 are worth less than the US$15.9 billion that vanished from the fortune of the Facebook co-founder, as shares of the social-media giant plunged 19 per cent on Thursday.
Zuckerberg, 34, is now the world’s sixth-richest person with US$70.6 billion, down three rungs on the Bloomberg Billionaires Index.
Facebook shares in free fall, plunging 21 per cent as weak outlook stuns market
The loss is 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 investors of Nasdaq-listed Facebook also took a hit as disappointing second-quarter results obliterated US$119 billion of market value, the most ever in a day for a US company.


Facebook co-founders Dustin Moskovitz and Eduardo Saverin lost US$3.9 billion and US$2.2 billion, respectively, on the Bloomberg ranking, while chief operating officer Sheryl Sandberg lost US$100 million.


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Facebook CEO Mark Zuckerberg ﻿just lost US$15.9 billion in a single day

Mark Zuckerberg, Facebook’s chairman and chief executive, suffered the biggest one-day wipeout of individual wealth ever recorded on the Bloomberg Billionaires Index, which started tracking the world’s biggest fortunes in 2012. Photo: Agence France-Presse

Facebook shares in free fall, plunging 21 per cent as weak outlook stuns market

The huge drop will have wiped out US$130 billion in market value, if the slump is confirmed in Thursday’s market opening

FILE - In this May 1, 2018, file photo, Facebook CEO Mark Zuckerberg makes the keynote address at F8, Facebook's developer conference in San Jose, Calif. Remarks from Zuckerberg have sparked criticism from groups such as the Anti-Defamation League. Zuckerberg, who is Jewish, told Recode's Kara Swisher in an interview that although he finds Holocaust denial "deeply offensive," such content should not be banned from Facebook. (AP Photo/Marcio Jose Sanchez, File)

Facebook shares dropped some 21 per cent in after-hours trade, on the back of a weak second-quarter outlook. Photo: Reutersile photo

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Facebook CEO Mark Zuckerberg in Washington in April 11. Photo: Reuters

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Facebook CEO Mark Zuckerberg. Photo: AP

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Facebook CEO Mark Zuckerberg ﻿just lost US$15.9 billion in a single day

Facebook CEO Mark Zuckerberg just lost US$15.9 billion in a single day