Mark Zuckerberg Falls to Fifth Place Among the Richest in the World After Meta's Collapse

Forbes France

Factuality

Ownership

The month of October cost Mark Zuckerberg dearly. Meta's boss's fortune fell by 29 billion dollars to 223 billion, which relegates him from the 3rd to the 5th in the world. The cause: the disappointing third quarter results and a 12 per cent decline in Meta title. Facebook's founder, a long-standing symbol of Silicon Valley's staggering rise, now illustrates the extreme volatility of tech fortunes.

negocios.com

Factuality

Ownership

Mark Zuckerberg’s assets plummeted by US$ 25 billion after a more than 10% drop in Meta’s shares, the company’s biggest daily loss this year. The decline occurred after disappointing quarterly results, driven by a strong fiscal charge stemming from a new US tax law. Zuckerberg now ranks fifth in the wealthiest ranking, surpassed by Jeff Bezos and Larry Page.