Money & Power

Mark Zuckerberg's Net Worth Plunged By $15.1 Billion in One Day

The Facebook chairman lost about a sixth of his net worth due to Facebook's stock price.
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  • Facebook CEO Mark Zuckerberg's net worth has decreased dramatically in the past 24 hours.
  • Much of Zuckerberg's massive net worth comes from his Facebook shares.
  • His net worth fluctuated in the wake of the Cambridge Analytica data scandal a few months ago, too.

Mark Zuckerberg, the founder and CEO of Facebook, lost about a sixth of his net worth this morning due to Facebook's sliding stock price. For one of the richest men in the world, that amount equated to a loss of $15.1 billion.

Facebook stock closed at $217.50 a share Wednesday night and then dropped by 18 percent because of a disappointing second-quarter earnings report.

Forbes now estimates Zuckerberg is worth $67.1 billion, putting him at number six on the list of the richest people in the world. 

The Facebook founder's net worth seesawed in during his grilling on Capitol Hill in the wake of the company's Cambridge Analytica data scandal back in April, too. Down from its peak of $79.5 billion on February 1 (before reports of the Cambridge Analytica leak emerged in March), Zuckerberg's net worth hit a low point of $62.2 billion on March 27.


Zuckerberg testifies before a U.S. Senate committee on Capitol Hill on April 10.

According to Recode, Zuckerberg sold $108.6 million worth of Facebook stock in February—marking the "beginning of a sales process Zuckerberg outlined in September, when he announced plans to 'accelerate' his stock sales over an 18-month period in order to 'fully fund'" the Chan Zuckerberg Initiative.

Zuckerberg established the limited-liability company with his wife, Priscilla Chan, in 2015, and within its first two years he had already sold $1.6 billion of Facebook stock to begin funding it.

This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

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