Facebook CEO Mark Zuckerberg Tops the list of Money Losers
It’s been an expensive week for the world’s richest people.
Last week wasn’t too good for the rich and the famous including Mark Zuckerberg of Facebook renown.
Losing $3.2 billion as large-cap stocks became a sorrowful story continuing a four-day straight run, made the ‘Zuckerberg’ phenomenon, the bloke to set the record for losing the maximum money in the last week. He’s a record-setter again yet (comic approach intended as the irony of the situation brings Facebook’s CEO in limelight again). The story spread like wildfire with Bloomberg’s scoop.
Mark Zuckerberg of Facebook Inc., ‘beat’ – in losing money – Spain’s Amancio Ortega and Mexico’s Carlos Slim, who were both down $2.4 billion as of 1 p.m. on Monday 2 index in New York. The fortunes of Alphabet Inc.’s (Google Parent Company) Larry Page and Sergey Brin each lost more than $2 billion on the Bloomberg Billionaires Index since markets opened on Monday.
World’s 500 richest folks have lost $107 billion last week collectively, counting more than all of Goldman Sachs Group Inc. market capitalization, or Lockheed Martin Corp. The wealth of U.S. billionaires fell the most, declining a combined $34 billion.
On the Eastern front, Chinese tycoons lost only a mere $16 billion. Newsmaker is Facebook Mark Zuckerberg again. With Apple topping the ‘trillion dollars’ mark first, Mark Zuckerberg is sure not in too good a mood this week.