All in a Day: Zuckerberg Loses $29 Billion, Bezos Set to Pocket $20 Billion

All in a Day: Zuckerberg Loses $29 Billion, Bezos Set to Pocket $20 Billion
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington on Oct. 23, 2019. Erin Scott/Reuters
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Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc.’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings.

Meta’s stock fell 26 percent, erasing more than $200 billion in the biggest ever single-day market value wipeout for a U.S. company. That pulled down founder and Chief Executive Officer Zuckerberg’s net worth to $85 billion, according to Forbes.