Mark Zuckerberg’s net worth drops by $30 billion

As a consequence of the record-breaking plunge of Meta shares, the net worth of Facebook founder Mark Zuckerberg plunged sharply. Reports suggest that Zuckerberg’s personal net worth plummeted by almost USD 30 billion following the historic selloff in trading. Notably, the loss holds more relevance as this is the first time the 37-year-old has dropped out of the top 10 billionaires list since the summer of 2015. His net worth suffered a decline of almost USD 30 billion with a current net worth of USD 84.3 billion, as per Forbes.

Notably, he owns approximately 13 percent of Meta, formerly known as Facebook. The said collapse in his business is said to have occurred owing to USD 29 billion wipe out from his net worth consequent to his company’s share price downfall, as per the entity’s latest quarterly report.

Experts have commented that the drop of nearly 25 percent in after-hours trading since the company had announced underestimated revenue figures. This further led to a decline in

Facebook users for the first time in 18 years. During the fourth quarter, Zuckerberg’s USD 29.8 billion worth of Facebook recorded 1.929 billion daily users in an unprecedented loss in the daily active users (DAUS). It was brought to the fore that Meta’s Facebook’s DAU dropped to 1.929 billion in three months in December, as against 1.930 billion in the previous fiscal quarter.„