Home BUSINESS Technology Facebook Owner, Zucherberg’s Fortune Crashes, His Share Drops 5.7 Percent

Facebook Owner, Zucherberg’s Fortune Crashes, His Share Drops 5.7 Percent

Facebook founder, Mark Zukerberg

Facebook owner Mark Zuckerberg’s fortune has slid $4 billion as shares of his Facebook Inc. dropped 5.7 percent, a day after the social-media giant posted its slowest-ever quarterly sales growth.

The decline left the chief executive officer with an $81 billion fortune as of 10:07 a.m in New York, with the shares trading at $210.41 apiece. Zuckerberg, 35, remains the world’s fifth-richest person, according to the Bloomberg Billionaires Index. The ranking officially updates after the close of each trading day in the U.S.

Despite the drop, Zuckerberg’s net worth is still up this year. His fortune had climbed $6.6 billion through Wednesday.

Shares of Menlo Park, California-based Facebook had dropped as much as 8.3 percent today, January 30 before paring the decline.

Editorial staff
Editorial Staff at Greenbarge Reporters is member of a team of journalists led by Editor-in-Chief, Yusuf Ozi Usman.

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