Zuckerberg’s wealth drops by $7bn as Facebook shares plummet

New York

Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people after a whistle-blower came forward and outages took Facebook’s flagship products offline.

A sell-off sent the social media giant’s stock plummeting by about 5 percent on Monday, adding to a drop of about 15 percent since mid-September.

The stock slide on Monday sent Mr Zuckerberg’s worth down to $120.9bn, dropping him below Bill Gates to number 5 on the Bloomberg Billionaires Index.

He has lost about $19bn of wealth since September 13, when he was worth nearly $140bn, according to the index. —TLTP

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