Mark Zuckerberg's net worth drops as Meta, Facebook struggles
Facebook founder Mark Zuckerberg has seen his net worth slashed by more than $100 billion this year, according to Bloomberg's Billionaire Index, as Meta, Facebook's parent company , faces investor pessimism about its future growth trajectory. The 38-year-old is now worth approximately $36 billion. By comparison, heading into Thursday, Tesla CEO Elon Musk was worth $211 billion , Amazon founder Jeff Bezos was worth $139 billion , and Microsoft co-founder Bill Gates was worth $110 billion , per Bloomberg data. Meta shares were down as much as 22% in Thursday trading, making the company worth approximately $271 billion. Zuckerberg owns nearly 367 million Meta shares, according to the data website Whale Wisdom. That amounts to about 13.5% of all its outstanding stock. Meta reported earnings Wednesday evening that fell short of analysts' expectations , with multiple Wall Street analysts issuing downgrades. The company faces increasing competition from other social media platfo...