Tough luck, Zuck!<\/p>\n
Mark Zuckerberg tumbled from third to fifth place on the Bloomberg Billionaires Index after Meta\u2019 stock plunged 11% on Thursday \u2014 wiping out $29.2 billion from his fortune in just one day.<\/p>\n
The 41-year-old CEO\u2019s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from Meta\u2019s plan to issue $30 billion in new debt <\/a>to fund artificial intelligence spending, according to Bloomberg.<\/a><\/p>\n Mark Zuckerberg tumbled two spots on the Bloomberg Billionaires Index after Meta Platforms\u2019 stock plunged 11% on Thursday. REUTERS<\/p>\n The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg\u2019s wealth index.<\/p>\n Zuckerberg reportedly refused to clap<\/a> Wednesday after singer Billie Eilish said at the Wall Street Journal Magazine Innovator Awards<\/a> that billionaires should \u201cgive your money away.\u201d<\/p>\n Meta\u2019s steepest stock selloff since 2022 followed the company\u2019s announcement that it would raise its total expense forecast for 2025 to as much as $118 billion \u2014 including up to $72 billion in capital expenditures \u2014 to expand its AI infrastructure, with even higher spending anticipated in 2026.<\/a><\/p>\n The staggering outlay triggered at least two analyst downgrades, with some warning that Meta\u2019s AI ambitions<\/a> could squeeze profits.<\/p>\n Zuckerberg, who saw his net worth soar by $57 billion<\/a> earlier this year as Meta shares rose 28%, was leapfrogged by Amazon founder Jeff Bezos and Google co-founder Larry Page.<\/p>\n Tesla CEO Elon Musk sits comfortably atop the billionaires ranking, followed by Oracle co-founder Larry Ellison.<\/p>\n Both Bezos and Page benefited from strong earnings that drove up their companies\u2019 stock prices.<\/p>\n The 41-year-old CEO\u2019s net worth fell to $235.2 billion, his lowest ranking in nearly two years. Zuckerberg is pictured with wife Priscilla Chan. Getty Images<\/p>\n Amazon\u2019s shares have surged more than 30% since April<\/a> amid renewed optimism about its cloud-computing unit, which has inked deals with AI startups including Anthropic.<\/p>\n Alphabet stock climbed 2.5% after the company posted better-than-expected<\/a> third-quarter revenue, powered by demand for cloud and AI services.<\/p>\n Meta\u2019s $30 billion bond sale \u2014 the biggest investment-grade offering of 2025<\/a> \u2014 was meant to bolster spending on AI, data centers and metaverse projects.<\/p>\n Instead, it sparked fears that the social media giant is overextending financially just as competitors gain ground in AI-driven advertising.<\/p>\n The Meta boss has poured hundreds of millions of dollars into real estate, including a massive estate on Kauai, Hawaii. Google<\/p>\n He also owns multiple homes near his main Palo Alto residence, acquired to maintain privacy. Bloomberg via Getty Images<\/p>\n The rout marked a sharp reversal for Zuckerberg, who earlier this year was closing in on Bezos and Elon Musk in the global wealth rankings.<\/p>\n Despite his massive wealth, Zuckerberg has cultivated a public image of modesty \u2014 often photographed in plain T-shirts and jeans<\/a> \u2014 while quietly indulging in some of the most extravagant purchases among Silicon Valley elites.<\/p>\n The Meta boss has poured hundreds of millions of dollars into real estate, including a massive estate on Kauai, Hawaii, that reportedly includes an underground bunker with a blast-resistant door. <\/p>\n Zuckerberg has denied reports of a \u201cdoomsday bunker.\u201d<\/a><\/p>\n He also owns multiple homes near his main Palo Alto, Calif., residence, which was designed to maintain privacy.<\/a><\/p>\n Zuckerberg purchased the 387-foot yacht Launchpad for an estimated $300 million, along with a $30 million support vessel dubbed Wingman. Thierry Ameller<\/p>\n For his 40th birthday, Zuckerberg reportedly hosted an extravagant bash aboard Launchpad \u2014 one of several lavish celebrations he\u2019s thrown in recent years. Bloomberg via Getty Images<\/p>\n Zuckerberg\u2019s Hawaiian holdings now span thousands of acres, making him one of the state\u2019s largest private landowners.<\/a> <\/p>\n Local reports say his property features an extensive security system and a network of tunnels linking buildings across the compound.<\/p>\n Though once known for driving modest vehicles such as a Honda Fit, Zuckerberg owns an ultra-rare Italian Pagani Huayra valued at over $1 million, along with a growing collection of vintage cars. <\/p>\n Those include Ford Broncos and a custom Porsche worth about $250,000.<\/a><\/p>\n In recent years, he entered the superyacht scene in dramatic fashion. Zuckerberg purchased the 387-foot yacht Launchpad for an estimated $300 million<\/a>, along with a $30 million support vessel dubbed Wingman.<\/p>\n<\/p>\n For his 40th birthday, Zuckerberg reportedly hosted an extravagant bash aboard Launchpad<\/a> \u2014 one of several lavish celebrations he\u2019s thrown in recent years.<\/p>\n