Putting Zuckerberg's $16.8 Billion Wipeout Into Perspective

Date | 26-07-2018 - 09:34 AM Article Type | Stock Markets Region | World

(Bloomberg) -- For many of the world’s richest people, losing $16.8 billion in a day would be a wipeout.

For Mark Zuckerberg, it’s just about a fifth of his net worth.

The Facebook Inc (NASDAQ:FB). co-founder, chairman and chief executive officer is set to see his wealth slide to sixth place from third on the Bloomberg Billionaires Index after the company’s shares lost of 20 percent their value in after-hours trading Wednesday, as the stock plunged following disappointing results.

It’s an evaporation of wealth so big it would have left the following multi-billionaires without a cent to their name:

Charlene De Carvalho-Heineken -- she is the biggest shareholder of the world’s second-largest brewer Heineken NV and has a net worth of about $16.7 billion
Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest family, which controls Antofagasta (LON:ANTO) Plc (among the world’s largest copperproducers)
Leonard Lauder -- chairman emeritus of Estee Lauder Cos Inc., one of the largest makers of cosmetics and fragrances globally
Zhang Zhidong -- co-founder of Tencent Holdings Ltd. and has a net worth of $16.2 billion
Elaine Marshall -- a director at Koch Industries Inc., the second largest closely held business in the U.S.
William Ding, chief executive officer of NetEase Inc. with a fortune of $16 billion
In fact, it would have wiped out 87 percent of the billionaires in Bloomberg’s index

Author: PPS
Source: Investing.com
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