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As investors punished Meta Platforms for its first-quarter sales guidance miss, CEO Mark Zuckerberg felt it where it mattered — his wallet.
According to Forbes data, Zuckerberg lost $29.7 billion on Thursday, since he owns nearly 13% of the Facebook
FB,
parent. Zuckerberg is now a mere two-digit billionaire, with a net worth of $84.8 billion.
That’s still about 700,000 times the median net worth of U.S. households, which is $121,700, according to the most recent Federal Reserve estimate.
Jeff Bezos, however, is set to see an extraordinary wealth gain. By Reuters calculations, the Amazon
AMZN,
founder and chairman is going to see his wealth shoot up by $20 billion, after the e-commerce giant reported a surge in profit and said it would hike the cost of its Prime subscription service.
Those gains will help narrow the gap between Bezos and LVMH
MC,
Chairman and CEO Bernard Arnault for second-richest human, though they both trail Tesla
TSLA,
CEO Elon Musk by a considerable distance.
