The rich are getting poorer, but the poor can get richer.
Mark Zuckerberg lost US $ 31 billion or RM129.66 billion following his biggest share drop in a single day by Meta Plaftrom Inc, which was also the worst drop in stock market history.
According to the Bloomberg Billionaires index, this indirectly lowered Zuckerberg’s net worth by $ 89.6 billion after a year -over -year (YOY) loss of $ 35.9 billion.
Meta -owned Facebook has seen a weak earnings report with a decline of 26% and caused it to lose market capitalization of $ 251.3 billion.
The one -day decline in wealth experienced by Zuckerberg was among the largest in history after Elon Musk who once lost as much as $ 35 billion in November.
Musk lost $ 3.44 billion overnight making a year -over -year loss of $ 39.3 billion but still managed to maintain its top position with a fortune of $ 231 billion.
Meanwhile, the world's former richest man, Jeff Bezos fell to 3rd place after losing $ 11.9 billion with a total wealth of $ 164 billion.
Also, in 2nd place, Bernard Arnault, chairman and chief executive officer (CEO) of Louis Vuitton has a fortune of $ 167 billion.
