Zuckerberg loses $29 billion of his fortune within hours!

Mark Zuckerberg lost $29 billion in his net worth, on Thursday, with Facebook's Meta-owner stock hitting a record low in one day.

Meta stock fell 26%, wiping out more than $200 billion in the largest-ever drop in the market value of an American company in a single day.

This reduced the net worth of founder and CEO Zuckerberg to $85 billion, according to Forbes magazine.

Zuckerberg owns about 12.8% of the shares of the technology giant, formerly known as "Facebook".

After wiping out $29 billion from his fortune, Zuckerberg ranked 12th on the Forbes list of billionaires, behind Indian business magnates Mukesh Ambani and Gautam Adani.

Follow our latest local and sports news and the latest political and economic developments via Google news