Bezos Pockets $20 Billion While Zuckerberg Loses $29 Billion
Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings.
Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US tech company. The plunge saw founder and CEO Zuckerberg’s net worth drop to approximately $85 billion, according to Forbes. Zuckerberg now holds the twelfth spot on Forbes’ list of real-time billionaires, coming in below Indian business moguls Mukesh Ambani and Gautam Adani.
Meanwhile, Amazon’s holiday-quarter profits soared due to its investments in electric vehicle company Rivan and the company saying it would increase annual prices of Prime subscriptions in the US — an announcement which sent its shares up 15% in extended trading.
According to Refinitiv data, Bezos presently owns around 9.9% of Amazon. Zuckerberg presently owns around 12.8% of tech giant Meta, which was formerly known as Facebook until October last year.