Mark Zuckerberg’s fortune collapsed by $ 11 billion in a day after Meta shares collapsed on October 27 by almost a quarter amid a report on a decrease in revenue. Now his net worth is estimated at $36 billion, according to Forbes Real-Time data.
The impoverished billionaire has dropped from 25th to 29th place on the list of the richest people in the world. By the close of trading on October 27, Meta shares fell in price to its lowest level since December 2016.
Meanwhile, Amazon CEO Jeff Bezos may lose 23 billion dollars of his fortune. His company’s shares fell 21 percent at the close of trading on October 27.
Earlier it was reported that the richest people in China lost nine billion dollars as a result of the fall in the shares of their companies. The downturn followed Xi Jinping’s re-election as general secretary of the Central Committee of the Communist Party of China for a third term.
