Rankings have changed dramatically! Zuckerberg fell to 12 and was overtaken by India's richest man! Musk is still the world's richest man?

(For more international financial news, please pay attention to the WeChat public account in time: Wang Ye said finance)

On Thursday (3rd), facebook founder Mark Zuckerberg's personal net worth shrank by $29 billion, as the stock of Meta Platform Company experienced a record one-day plunge, while another billionaire, the world's former richest man, and Amazon founder Jeff Bezos, increased his personal wealth by $20 billion after amazon's astonishing gains.

Meta's share price fell 26 percent, erasing more than $200 billion in value added, the largest one-day market capitalization loss ever for a U.S. company.

According to Forbes, the net worth of founder and chief executive officer Zuckerberg shrank to $85 billion.

Zuckerberg owns about 12.8 percent of tech giant Facebook.

At the same time, Wang said Caijing also noted that according to Refinitiv data, bezos, the founder and chairman of Amazon, an e-commerce retailer, owns about 9.9 percent of the company.

And according to Forbes' latest data, he is the third richest man in the world.

Amazon's holiday-season profits soared as a result of its investment in electric car company Rivian; in addition, the company said it would raise the annual fee for the U.S. Prime subscription service, which put its stock up 15 percent in after-hours trading and set the stage for Friday's biggest percentage gain since October 2009.

According to Forbes, Bezos's net worth grew 57 percent year-over-year to $177 billion in 2021, largely thanks to Amazon's boom during the pandemic, when people were highly dependent on online shopping.

Zuckerberg's one-day wealth shrinkage is one of the largest one-day wealth losses in history.

Coincidentally, last November, Tesla CEO (CEO) Elon Musk lost $35 billion on his books in a single day. Musk, the richest man in the world, took to Twitter to investigate whether he should sell his 10 percent stake in the electric car maker. Tesla's stock price has yet to recover from the sell-off.

After a $29 billion loss, Zuckerberg ranks 12th on forbes' list of real-time billionaires, even lower than Indian business tycoons Mukesh Ambani (also India's richest man) and Gotham Adani (India's second-richest man).

To be sure, tech trading remains volatile as investors struggle to absorb the effects of high inflation and rising interest rate expectations. And as Zuckerberg's fortunes shrink, Meta's stock price may soon recover.

Before the 2021 tech crash, Zuckerberg sold $4.47 billion worth of Meta stock last year. The sale of the shares is part of a pre-set 10b5-1 trading plan that executives use to allay concerns about insider trading.

What do you think about that? What do you think will happen to Facebook's stock price next?

Note: This article is compiled by Wang Ye said Finance and Economics, if you need to reprint, please pay attention to the account in advance, private chat contact Wang Ye himself, after obtaining authorization, please reprint the original text, shall not be reproduced in any form of graphic and text transformation atlas, video and other forms, infringement will be investigated! In addition, the views in this article are personal views, which are only used for learning and exchange, and do not constitute investment advice! If there are any omissions and errors in the article, welcome to criticize and correct!

Thank you for reading, welcome to leave a message, comment, if you like our article, you can directly like and recommend it below.