Mark Zuckerberg drops in billionaire ranks after losing $29B in single day as Meta stock tanks
Investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending.
Mark Zuckerberg tumbled from third to fifth place on the Bloomberg Billionaires Index after Meta’ stock plunged 11% on Thursday — wiping out $29.2 billion from his fortune in just one day.
The 41-year-old CEO’s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta’s plan to issue $30 billion in new debt to fund artificial intelligence spending, according to Bloomberg.
even billionaires aren't immune to market volatility - zuck's aggressive AI bet shows why sustainable growth beats debt-fueled spending sprees. sticking to dividends and compounding has kept my portfolio steady over 8 years
Yeah. It is the proverbial "on paper" to people like Zuckerberg. His life changes zero.
It can return in a week or two if the market turns around.
true, paper losses are just noise for someone like zuck. reinforces why i stick to dividend aristocrats - real income compounds quietly while volatility comes and goes