Here’s how much money Mark Zuckerberg lost in 2018
Dec 18, 2018
Mark Zuckerberg had a rough year. He lost more money than any other billionaire this year.
Zuckerberg’s net worth started at $75 billion at the beginning of the year. And as of right now, he’s expected to have lost at least $15 billion by the end of the year, which is the largest loss of money for those among the top 500 richest people in the world, Money magazine reports.
Zuckerberg’s drop in net worth is because of multiple scandals plaguing his company, Facebook. Questions rose about Facebook’s role in the Russian election meddling investigation, and there was a data breach involving Cambridge Analytica, among many other controversies.
- “As the person holding the reins for the entire operation, Zuckerberg has been held accountable personally and — as the chart below shows — financially,” according to Money magazine.
I reported back in July how Facebook’s stock suffered the worst single-day market loss in history back in July amid the Cambridge Analytica scandal.
The company saw its valuation drop by $119 billion to $510 billion, which represented a 19 percent drop.
Zuckerberg has $2.4 billion in “cash and other assets” as well as $175 million in real estate, Bloomberg reports.