Sign in
Download Opera News App

Economy&Finance

 

Business

 

Billionaires

Big Blow to Facebook CEO Mark Zuckerberg as he Loses USD 7 Billion in Hours After Global Outage

Mark Zuckerberg's is not a happy man after his giants social media platforms experienced an outage across the world.

Reports released Bloomberg Billionaire Index indicated that his personal wealth has fallen by more than $7 billion approximately to Ksh 777.18 Billion in a few hours, knocking him down from the list of the world's richest people.

This is after users from across the world who uses the online platforms came forward and complained of outages that took Facebook Inc.'s flagship products such as Instagram and WhatsApp offline.

A selloff sent the social-media giant's stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.

The stock slide on Monday sent Zuckerberg's worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He's down from almost $140 billion in a matter of weeks, according to the index. 

This decline in Zuckerberg's net worth saw Bill Gates move up to the fourth spot.

Forbes magazine reported that Jeff Bezos is the world’s richest for the fourth year running as he is worth $177 billion, while Elon Musk, founder of Tesla and Amazon closely came number two with $151 billion.

Content created and supplied by: LaikipiaNews (via Opera News )

Bill Gates Bloomberg Billionaire Index Forbes Jeff Bezos Mark Zuckerberg

COMMENTS

Load app to read more comments