Mark Zuckerberg’s Net Worth Drops Over $22 Billion As Meta Stock Slides (2024)

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15 hours ago

Paramount May Reportedly Oust CEO Bob Bakish—Here’s What We Know","scope":{"topStory":{"index":1,"title":"Paramount May Reportedly Oust CEO Bob Bakish—Here’s What We Know","image":"https://specials-images.forbesimg.com/imageserve/662d652b4630d794d11e6d6e/290x0.jpg?cropX1=0&cropX2=3500&cropY1=242&cropY2=2210","isHappeningNowArticle":true,"date":"15 hours ago","uri":"https://www.forbes.com/sites/caileygleeson/2024/04/27/paramount-may-reportedly-oust-ceo-bob-bakish-heres-what-we-know/"}},"id":"c6l5919dp9og00"},{"textContent":"

17 hours ago

Here’s What Led To Republic First’s Collapse—And Why It’s Different From 2023 Failures","scope":{"topStory":{"index":2,"title":"Here’s What Led To Republic First’s Collapse—And Why It’s Different From 2023 Failures","image":"https://specials-images.forbesimg.com/imageserve/662d547a1a99518194327902/0x0.jpg","isHappeningNowArticle":true,"date":"17 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/04/27/heres-what-led-to-republic-firsts-collapse-and-why-its-different-from-2023-failures/"}},"id":"7p3i88k2564800"},{"textContent":"

17 hours ago

Harvey Weinstein Reportedly Hospitalized Following Return To New York City Jail","scope":{"topStory":{"index":3,"title":"Harvey Weinstein Reportedly Hospitalized Following Return To New York City Jail","image":"https://specials-images.forbesimg.com/imageserve/62499fdeb85d6719dc85cb1a/290x0.jpg","isHappeningNowArticle":true,"date":"17 hours ago","uri":"https://www.forbes.com/sites/caileygleeson/2024/04/27/harvey-weinstein-reportedly-hospitalized-following-return-to-new-york-city-jail/"}},"id":"c4cp69lii79400"},{"textContent":"

20 hours ago

Around 100 Arrested At Northeastern University Pro-Palestinian Encampment In Latest Campus Crackdown","scope":{"topStory":{"index":4,"title":"Around 100 Arrested At Northeastern University Pro-Palestinian Encampment In Latest Campus Crackdown","image":"https://specials-images.forbesimg.com/imageserve/662d2ac12503003483555ce3/290x0.jpg?cropX1=0&cropX2=1677&cropY1=86&cropY2=1030","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/04/27/around-100-arrested-at-northeastern-university-pro-palestinian-encampment-in-latest-campus-crackdown/"}},"id":"1n7febh8ad2800"},{"textContent":"

20 hours ago

Justice Department Ends Mercedes-Benz Emissions Probe Without Filing Charges","scope":{"topStory":{"index":5,"title":"Justice Department Ends Mercedes-Benz Emissions Probe Without Filing Charges","image":"https://specials-images.forbesimg.com/imageserve/662d2a71889dfe4e0ff4e7f2/290x0.jpg?cropX1=0&cropX2=2250&cropY1=129&cropY2=1396","isHappeningNowArticle":true,"date":"20 hours ago","uri":"https://www.forbes.com/sites/caileygleeson/2024/04/27/justice-department-ends-mercedes-benz-emissions-probe-without-filing-charges/"}},"id":"6f51kh5brm6000"},{"textContent":"

22 hours ago

Central U.S. Faces More Tornado Threats After Storms Destroy Homes In Omaha Area","scope":{"topStory":{"index":6,"title":"Central U.S. Faces More Tornado Threats After Storms Destroy Homes In Omaha Area","image":"https://specials-images.forbesimg.com/imageserve/662d0cb0ee5eb0cd50f5571c/290x0.jpg?cropX1=0&cropX2=2789&cropY1=221&cropY2=1789","isHappeningNowArticle":true,"date":"22 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/04/27/central-us-faces-more-tornado-threats-after-storms-destroy-homes-in-omaha-area/"}},"id":"e20p58r5iahk00"},{"textContent":"

23 hours ago

Magnificent Seven Earnings Scorecard: Who Did Well, Who Got Richer (And Poorer)","scope":{"topStory":{"index":7,"title":"Magnificent Seven Earnings Scorecard: Who Did Well, Who Got Richer (And Poorer)","image":"https://specials-images.forbesimg.com/imageserve/662c120b2fc710e2f0148900/290x0.jpg?cropX1=0&cropX2=3499&cropY1=180&cropY2=2148","isHappeningNowArticle":true,"date":"23 hours ago","uri":"https://www.forbes.com/sites/dereksaul/2024/04/27/magnificent-seven-earnings-scorecard-who-did-well-who-got-richer-and-poorer/"}},"id":"179bgrhrmj6400"},{"textContent":"

+1 day ago

UAW Wins Last-Minute Deal At Daimler Truck Averting A Strike","scope":{"topStory":{"index":8,"title":"UAW Wins Last-Minute Deal At Daimler Truck Averting A Strike","image":"https://specials-images.forbesimg.com/imageserve/662c7067c99412ec3ed4d572/290x0.jpg","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/edgarsten/2024/04/26/uaw-wins-last-minute-deal-at-daimler-truck-averting-a-strike/"}},"id":"3rno3nh6mn7o00"},{"textContent":"

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Judge Rejects Texas’ Bid To Dismiss Federal Buoy Barrier Lawsuit—But Also Hands Texas A Partial Win","scope":{"topStory":{"index":10,"title":"Judge Rejects Texas’ Bid To Dismiss Federal Buoy Barrier Lawsuit—But Also Hands Texas A Partial Win","image":"https://specials-images.forbesimg.com/imageserve/662c2b10719c8b2ed45ab49a/290x0.jpg?cropX1=0&cropX2=1859&cropY1=95&cropY2=1141","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/26/judge-rejects-texas-bid-to-dismiss-federal-buoy-barrier-lawsuit-but-also-hands-texas-a-partial-win/"}},"id":"4c4c22pj1cmg00"},{"textContent":"

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NFL Draft: Here’s How Much Second And Third-Round Picks Will Make In Rookie Contracts","scope":{"topStory":{"index":11,"title":"NFL Draft: Here’s How Much Second And Third-Round Picks Will Make In Rookie Contracts","image":"https://specials-images.forbesimg.com/imageserve/662c1a2ef203acaf2e0ddcd6/290x0.jpg?cropX1=0&cropX2=3476&cropY1=179&cropY2=2133","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/26/nfl-draft-heres-how-much-second-and-third-round-picks-will-make-in-rookie-contracts/"}},"id":"c4i43didjk0000"},{"textContent":"

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Court Upholds R. Kelly’s 20-Year Child p*rnography And Sex Crimes Sentence","scope":{"topStory":{"index":17,"title":"Court Upholds R. Kelly’s 20-Year Child p*rnography And Sex Crimes Sentence","image":"https://specials-images.forbesimg.com/imageserve/63e67b943eedfd3644724fec/290x0.jpg?cropX1=0&cropX2=3000&cropY1=151&cropY2=1839","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/brianbushard/2024/04/26/court-upholds-r-kellys-20-year-child-p*rnography-and-sex-crimes-sentence/"}},"id":"9frj6bcqfgdo00"},{"textContent":"

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Biden-Trump Gaffe Tracker: Biden Repeats Disputed Claim He Was Arrested During Civil Rights-Era Protests","scope":{"topStory":{"index":21,"title":"Biden-Trump Gaffe Tracker: Biden Repeats Disputed Claim He Was Arrested During Civil Rights-Era Protests","image":"https://specials-images.forbesimg.com/imageserve/65e77cc0fae3caa3b50f44ec/0x0.jpg","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/saradorn/2024/04/26/biden-trump-gaffe-tracker-biden-repeats-disputed-claim-he-was-arrested-during-civil-rights-era-protests/"}},"id":"9b209r6368qo00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

FAQs

Mark Zuckerberg’s Net Worth Drops Over $22 Billion As Meta Stock Slides? ›

Zuckerberg's wealth recently reached its peak at $177 billion, before plummeting by $22 billion following Meta's earnings report on April 25. The decline was attributed to an 11% drop in Meta stock price. Zuckerberg's current net worth is $155.2 billion.

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How much market cap did Meta lose? ›

Meta shares tumbled as much as 19% in extended trading on Wednesday, wiping out more than $200 billion in market cap. The drop came despite Meta reporting better-than-expected profit and revenue for the first quarter. Zuckerberg appeared ready for the sell-off.

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What does Mark Zuckerberg own? ›

Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram, its flagship Facebook brand, Threads, WhatsApp and Oculus. Technical difficulties led users to look into Zuckerberg's recent Meta stock sales.

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Who owns Meta? ›

Meta is a publicly traded company owned by its shareholders. The company's top shareholder is founder and CEO Mark Zuckerberg. He owned almost 350 million shares (13.5% of its outstanding shares) worth more than $120 billion as of early 2024.

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Who owns Facebook? ›

According to Business Insider, Meta Platforms Inc., previously known as the Facebook Co., is a publicly-traded company, meaning it is not owned by a single person or group. However, Facebook founder and CEO Mark Zuckerberg is the majority shareholder of Meta, owning 13% of its stake as of January 2024.

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How has Meta lost so much money? ›

Meta stock fell more than 10% Thursday, even as the Facebook parent company reported better-than-anticipated sales in its quarterly earnings the day before. The losses appeared to be driven by the company's steep Metaverse losses, and CEO Mark Zuckerberg's commitment to continue that spending.

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Why did Meta price drop so much? ›

April 25 (Reuters) - Shares of Meta Platforms (META.O) , opens new tab sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.

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What does Mark Zuckerberg do with his money? ›

Zuckerberg and his wife, Priscilla Chan, have pledged to donate 99% of their wealth over the course of their lifetimes via the Chan Zuckerberg Initiative. The organization has committed over $4.9 billion in grants since its launch in 2015.

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Who owns the most Facebook stock? ›

Facebook is the most popular social media platform in the world as measured by monthly active users. The largest individual shareholder of Meta is its founder and CEO, Mark Zuckerberg. The largest institutional shareholder of the company is Vanguard Group.

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What percent of Meta does Mark Zuckerberg own? ›

Zuckerberg, who is Meta's cofounder and CEO, holds 350 million Meta shares — or a 13% stake — in Meta, according to data compiled by Bloomberg.

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Is Meta owned by China? ›

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.

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Who is the largest shareholder of Meta? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Geode Capital Management, Llc, Price T Rowe Associates Inc /md/, and FCNTX - Fidelity ...

Does BlackRock own Meta? ›

BlackRock – 157,849,942 Shares – 7.1%

Meta is the fund's largest holding, accounting for 6.39%. The second biggest institutional among Facebook major shareholders, BlackRock held a total of 157,849,942 shares in Meta as of December 31, 2023, equating to a 7.1% stake in the company, according to an SEC filing.

Who owns 100% of Facebook? ›

Meta, formerly known as the Facebook Company, is publicly traded, so it's not owned by a single person or company. But Facebook founder Mark Zuckerberg still mostly owns and controls it with his majority stake. Going all in on Zuckerberg's metaverse bet, Facebook became Meta in 2021.

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How did Zuckerberg get into Harvard? ›

Mark Zuckerberg got into Harvard because he was super smart and had some impressive achievements even before college. He was top-notch in his classes and loved computer science, coming from a fancy prep school called Phillips Exeter Academy.

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How many Facebook employees are millionaires? ›

There are 3000 current Facebook employees. There were 600 Facebook millionaires at IPO according to a firm that tracks ultra-high net worth individuals. There is no factual basis or citation for the "thousands of millionaires" claim in the NYT. At $38 per share there will be 88 people with over $30m in Facebook stock.

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How much has Meta lost on the metaverse? ›

But it has lost money so far—a lot. The progress toward making the metaverse a reality hasn't been without growing pains, to say the least. Meta's Reality Labs division, which houses its efforts to break into the metaverse, has lost around $46.5 billion since 2019, the company revealed in its latest earnings report.

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How much did Meta go down? ›

Meta shares are down more than 12% in Wednesday's aftermarket action, which would translate to their steepest single-day percentage decline since Oct. 27, 2022 if that action holds up in Thursday trading, according to Dow Jones Market Data. Meta shares dropped 24.6% in that October 2022 episode.

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How much money has Facebook lost since Meta? ›

It has been exactly one year to the day since Facebook's parent company rebranded as Meta, and in that time the company has entered financial free-fall, analysts say. Comparing the market value of Meta from when it was first announced on Oct 28, 2021, with today, the company has shrunk by an astonishing US$650 billion.

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Did Meta lose 700 billion? ›

Meta's plunge translates into an eye-popping loss of about $700 billion in market value. On Thursday, Meta's market value sank to $268 billion, down from more than $1 trillion in September of 2021. The shares regained some ground on Friday morning, rising $1.72, or about 1.8%, to $99.66 per share.

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