Mark Zuckerberg’s personal wealth has dropped by more than $7 billion in few hours after a whistleblower came forward and outages took Facebook Inc.’s products offline.
With this latest development, Mark Zuckerberg has been knocked down a notch on the list of world’s richest people.
A selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.
The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index.
He’s down from almost $140 billion in a matter of weeks, according to the index.