Tags: zuckerberg | facebook | ceo | fortune

Zuckerberg's Change of Heart Just Cost Facebook CEO $2.9 Billion

Zuckerberg's Change of Heart Just Cost Facebook CEO $2.9 Billion

(Frederic Legrand/Dreamstime)

Friday, 12 January 2018 01:51 PM EST

Mark Zuckerberg’s latest Facebook post is proving expensive.

The co-founder of the world’s largest social-media business saw his fortune fall $2.9 billion Friday after he posted plans to shift users’ news feeds toward content from family and friends at the expense of material from media outlets and businesses.

Shares of Menlo Park, California-based Facebook tumbled 3.9 percent at noon in New York, cutting Zuckerberg’s fortune to $74.4 billion on the Bloomberg Billionaires Index. If that decline holds through the close of trading, he will lose his place as the world’s fourth-richest person to Spanish retail billionaire Amancio Ortega.

The drop wipes out much of the $4.5 billion Zuckerberg, 33, has added so far this year. The world’s 500 richest people gained $1 trillion in 2017 and an additional $17 billion in the first two weeks of 2018, according to the Bloomberg index.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
Mark Zuckerberg's latest Facebook post is proving expensive.
zuckerberg, facebook, ceo, fortune
142
2018-51-12
Friday, 12 January 2018 01:51 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved