DAA Daily

Zuckerberg loses $7 billion in hours as Facebook plunges

By: Aly Mohamed, Staff reporter, The Pawprint

Mark Zuckerberg’s personal fortune dropped by over $7 billion in a matter of hours, dropping him down a notch on the list of the world’s richest individuals.

The stock of the social media giant fell approximately 5% on Monday, bringing its total loss to around 15% since mid-September.

The stock market’s decline on Monday reduced Zuckerberg’s net worth to $120.9 billion, putting him behind Bill Gates on the Bloomberg Billionaires Index at No. 5. According to the index, he has lost about $19 billion in value since Sept. 13, when he was worth nearly $140 billion.

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