Facebook CEO Mark Zuckerberg’s Net Worth Dropped by $7 Billion in One Day

Zuckerberg is now the fifth-richest person in the world
By Entrepreneur
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October 5, 2021 Updated: October 5, 2021
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By Entrepreneur Staff 

Between whistleblower revelations and the widespread outages of Facebook, Instagram, and WhatsApp, Mark Zuckerberg had a very bad Monday.

According to reporting by Bloomberg’s Scott Carpenter, Zuckerberg’s net worth took a massive $7 billion hit due to a stock selloff. He’s down 5 percent to $120.9 billion, so maybe don’t shed too many tears. Zuckerberg’s net worth is down nearly $20 billion from a high of $140 billion just a few weeks ago, according to the Bloomberg Billionaires Index. The decline in Zuckerberg’s net worth moved Bill Gates up to the fourth spot.

The Facebook, Instagram, and WhatsApp outages come on the heels of a bombshell ’60 Minutes’ episode in which Frances Haugen revealed herself as the whistleblower who released thousands of pages of private Facebook documents to the Wall Street Journal and federal government detailing how its platforms amplify hate, misinformation, and public unrest.

Entrepreneur
Empowering People in the Business of Changing the World | Entrepreneur® is dedicated to fueling the world’s visionary leaders compelled to make a difference through their innovative ideas, businesses, and points of view.