Mark Zuckerberg could see $24 billion erased from his fortune, among the most significant one-day drops in wealth ever, after Meta Platforms Inc.’s fourth-quarter earnings missed estimates.
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Meta reported no growth in monthly Facebook users in the fourth quarter relative to the prior period, raising questions about the company’s future growth. Meta’s share price was down about 20 per cent in after-hours trading.
Should that move hold, it would leave Zuckerberg, Meta’s chief executive officer, with a net worth of about $97 billion, down from $120.6 billion as of market close on Wednesday, according to the Bloomberg Billionaires Index. It would push him outside the list of the Top 10 wealthiest people globally for the first time since July 2015.
