On Thursday, 17 of the world’s top 10 richest people saw a decline in their net worth. The main reason for this was the decline in the stock market. Mark Zuckerberg suffered the biggest shock. Shares of Meta Platforms, the parent company of Facebook, the world’s largest social media company, fell by more than 11 percent on Thursday. Due to this, the wealth of the company’s CEO declined by 29.2 billion dollars i.e. approximately ₹ 25,88,50,70,00,000. With this, his total wealth is now 235 billion dollars. Zuckerberg has slipped from third to fifth place in the list of the rich.
According to the Bloomberg Billionaires Index, the world’s richest person Elon Musk lost $15.3 billion on Thursday, reducing his net worth to $457 billion. At the same time, Oracle founder Larry Ellison suffered a loss of $ 19.8 billion, but remains in second place with a total wealth of $ 317 billion. Amazon founder Jeff Bezos lost $6.6 billion, while Google co-founder Larry Page gained $5.31 billion. With this increase, Page is now at fourth position in the list of the rich. His net worth is now $244 billion, just slightly less than Bezos’s net worth of $246 billion.
Before Thursday’s sharp decline, Meta shares had risen 28% this year, adding $57 billion to Zuckerberg’s wealth. However, investors are concerned about Meta’s rapidly growing AI budget. The company said it could spend up to $118 billion on capital expenditures this year, and that could rise even further in 2026. Subsequently, at least two analysts downgraded Meta’s shares.
