Mukesh Ambani, Gautam Adani richer than Mark Zuckerberg after Meta stock shock
India Today
Following the USD 29 billion wipeout, Zuckerberg is in the twelfth spot on Forbes' list of real-time billionaires, below the Reliance Industries Ltd chairman and the founder of the Adani Group.
Billionaire industrialists Mukesh Ambani and Gautam Adani are now richer than Mark Zuckerberg. This happened after Zuckerberg lost USD 29 billion in net worth on Thursday as Facebook owner Meta Platforms Inc's stock marked a record one-day plunge.
Following the USD 29 billion wipeout, Zuckerberg is in the twelfth spot on Forbes' list of real-time billionaires, below the Reliance Industries Ltd chairman and the founder of the Adani Group, according to a Reuters report.
META STOCK DOWN
Meta's stock fell 26 per cent, erasing more than USD 200 billion in the biggest ever single-day market value wipeout for a US company. That pulled down founder and Chief Executive Officer Zuckerberg's net worth to USD 85 billion, according to Forbes.
Zuckerberg owns about 12.8 per cent of the tech behemoth formerly known as Facebook.
BIGGEST ONE-DAY DECLINE
Zuckerberg's one-day wealth decline is among the biggest ever and comes after Tesla Inc top boss Elon Musk's USD 35 billion single-day paper loss in November. Musk, the world's richest person, had then polled Twitter users if he should sell 10 per cent of his stake in the electric carmaker. Tesla shares have yet to recover from the resulting selloff.
