Meta CEO Mark Zuckerberg has suffered a major setback with the decline in Facebook users. The near-fall in Meta shares has reduced Mark Zuckerberg’s wealth by $31 billion in just one day. With this, Zuckerberg has also dropped out of the list of top 10 richest people in the world. Now along with this, Indian business tycoons Mukesh Ambani and Gautam Adani are also richer than Facebook founder Mark Zuckerberg. According to Forbes’ list of billionaires in real time or current status, Mark Zuckerberg has slipped below Mukesh Andani and Gautam Adani in the list of richest people in Meta Platforms Inc with a record drop in one day.
Let us tell you that on February 3, the shares of Meta fell up to 26%. At the same time, the wealth of Mark Zuckerberg has decreased by 29 billion. According to Forbes, Zuckerberg, the founder and CEO of Facebook, has amassed a net worth of 85 billion. According to the real-time billionaires list of Forbes, Gautam Adani currently has a net worth of 90.1 billion. The net worth of Mukesh Ambani is 90 billion. After the fall in meta shares, Zuckerberg’s name has reached number 12 in the Forbes list. Since the fall of Meta stocks, 200 billion has been washed away in a single day. Meta was formerly known as Facebook. Mark Gerberg holds 12.8 percent stake in the company. Meta shares crashed as soon as the market opened. As a result, the company lost approximately $200 billion in market value.
The same thing happened with the stock of Netflix last month. On the other hand, the Dow Jones Industrial Average fell 0.8 points to close at 35,332.58. The broad-based S&P-500 fell 1.5 percent to 4,520.99. For the past four days, the US market has been gaining momentum. The main reason is that the market was under pressure due to changes in Federal Reserve policy and uncertainty in Ukraine. The market is trying to get out of this.