Mark Zuckerberg, CEO Facebook, just lost $3billion in a single day

Facebook CEO, Mark Zuckerberg woke up Friday morning November 4, 2016, to suffer a heart-breaking loss of $3billion as his company’s stock fell over 5.5%!

Zuckerberg's net worth dropped about 6% Thursday; however, Zuckerberg's total net worth still amounts to a $52.2 billion fortune, placing him right behind Warren Buffett at fifth place, according to data compiled by Bloomberg. His fortune and net worth is almost all tied to his 418 million shares of Facebook stock, which adds up to just over $50 billion.

 

But don't cry to Zuckerberg. Even with Thursday's decline, Facebook shares are up 15% year to date, besting the 2% rise in the S&P 500 (SPX) index. This means, Zuckerberg's net worth is still up by more than $6 billion in 2016. Plus, during the third quarter earnings report, Zuckerberg reminded that Facebook's "10-year technology roadmap" has only just begun to play out. In other words, he's in this for the long haul.

Read on. Scroll down...

 
 
 
 

In short, while a $3 billion loss in one day is a massive amount, it would pale in comparison to what Zuckerberg stands to gain in the next ten years, assuming Facebook executes on its plans, Investopedia reports


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