According to Bloomberg Billionaires Index, Meta Chief Executive Officer Mark Zuckerberg’s assets have come to $ 92 billion (about 6,87,900 crore) due to a huge decline, which was 120.6 billion billion (about Rs 9,01,600 crore) while the market shutdown on Wednesday. Such a decline in property is enough for 37-year-old Zuckerberg to get out of the list of top-10 richest people in the world for the first time since July 2015.
The loss of assets of $ 31 billion (about Rs 2,31,600 crore) due to a decline in shares is the second biggest loss ever. In November, Alan Mask suffered one of the world’s richest people in November. He had lost assets worth $ 35 billion (about Rs 2,61,700 crore) in a day. All this happened after the Twitter poll in which Musk asked people whether they should sell their 10 per cent stake in the company.
Meta co-founders are also facing an unprecedented decline in their private property. Dustin Moskovitz, the world’s 79th richest man, suffered a loss of about $ 3 billion with assets worth $ 21.2 billion (about Rs 1,58,500 crore) till Wednesday. Eduardo Severin suffered a loss of $ 4 billion (about 29,900 crore rupees). His assets are $ 17.5 billion.
According to data collected by Bloomberg, private assets of Meta’s Chief Operating Officers Sheryl Sandberg (about Rs 18,700 crore) of Meta have fallen by more than $ 100 million (about Rs 750 crore). However, Sandberg’s assets are less focused in the company’s shares compared to Zuckerberg.
This decline in Meta’s earnings further increases its challenges. The company is fighting many regulatory battles. The company is also trying to justify keeping the meta by changing its name. Meanwhile, platforms like Tiktok and YouTube are engaged in acquiring land among young users.
