Mark Zuckerberg’s fortune took a significant hit, plummeting by nearly $18 billion as the Dow Jones Industrial Average plummeted 1,679 points. This substantial loss was largely due to a 9% slide in Meta’s shares, with Zuckerberg’s wealth now standing at $189 billion.
Zuckerberg wasn’t the only billionaire to feel the pinch, as Amazon founder Jeff Bezos lost $15.9 billion, while Tesla CEO Elon Musk saw $11 billion wiped off his fortune ². The declines were largely driven by a broader market sell-off, sparked by concerns over US tariffs.
However, not all billionaires suffered losses. Carlos Slim, for instance, pocketed close to $3 billion as Mexico stocks were spared the brunt of the market downturn.
The losses incurred by Zuckerberg, Bezos, and Musk are a significant reversal of fortune for the three billionaires, who have consistently ranked among the world’s wealthiest individuals. As the market continues to fluctuate, it remains to be seen how their fortunes will fare in the coming days.