Mark Zuckerberg Priscilla Chan reports CEO Tiktok crashes Mark Zuckerberg Priscilla Chan

Mark Zuckerberg's net worth crashes by £17billion as he plummets down the rich list

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www.dailystar.co.uk

Facebook founder and 'Meta' CEO Mark Zuckerberg hasn't had a great day, after losing almost $24billion overnight.The company's stock prices dropped by more than 25-percent as Facebook experienced the worst ever one-day slump history.This not only wiped $200billion (£146billion) off of the value of Meta (formerly Facebook), but hit Mark Zuckerberg's own personal wealth as he owns around 14 percent of the company.The share prices dropped dramatically after Facebook reported no growth for the first time in its history.

It has also lost users to the likes of TikTok, with its platforms reporting less active users than before. Zuckerberg has fallen out of the top 10 richest people in the world as a result, and is now 12th on the rich list.Luckily he's still got $87.6billion dollars (£64bn) to his name.

Facebook, which includes WhatsApp and Instagram, has proved controversial in recent years. Not only has it come under fire from multiple governments for its treatment of users' private data, but also how it handles misinformation and conspiracy theories.

Since rebranding to 'Meta' and announcing a shift to the VR 'Metaverse', its fortunes haven't improved much.Although he only earns a salary of $1 per year on paper, Zuckerberg made his billions off of selling shares in Facebook, which hit the stock market in 2012.It was the biggest IPO in history, netting Zuckerberg billions of dollars almost overnight from the company he started at uni.Unlike other tech billionaires, Zuckerberg isn't known for splashing his cash on space programmes or underground tunnels, and enjoys a quiet family life with his wife Priscilla Chan.

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