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Market turmoil over Trump cost Mark Zuckerberg $2 billionFont size: A | A | A
2:45 PM ET 5/18/17 | MarketWatch
By Sally French, MarketWatch
Mark Zuckerberg's portfolio had a pretty rough day
The folks in D.C. aren't the only ones having a bad week. Billionaire Mark Zuckerberg lost more than $2 billion as a result of Wednesday's turmoil in Washington.
And Zuckerberg is not alone; the world's 500 richest people lost a combined $35 billion on Wednesday, according to the Bloomberg Billionaires Index (https://www.bloomberg.com/billi...
Facebook Inc. (FB) founder Mark Zuckerberg, who is the fifth-richest person on the planet with a net worth of $62.3 billion, was hit the hardest as the Nasdaq saw its worst one-day decline since the day after U.K.'s vote to exit from the European Union (http://www.marketwatch.com/stor... rattled markets. Zuckerberg lost $2.2 billion as Facebook shares dropped 3.3%. Just don't start feeling too bad for the guy; his net worth is still up $12.3 billion year to date as Facebook shares rose 27.91% over the same period.
Amazon.com Inc. (AMZN) founder Jeff Bezos, who is the third-richest person on the planet with a net worth of $81.9 billion, lost $1.71 billion as a result of yesterday's brutal selloff. Mexican business magnate Carlos Slim and Microsoft Corp. (MSFT) cofounder Bill Gates, who is the richest man in the world, both lost more than $1 billion.
Trump, who has a reported net worth of $3 billion, does not make the Bloomberg Billionaires index, which only ranks the world's 500 richest people.
U.S. stocks are staging a rebound on Thursday. The Nasdaq is up nearly 40 points, supported by rebounds in major technology names, including Apple Inc. (AAPL), Amazon.com Inc. and Facebook Inc., all of which are up more than 1% on the day.
- cost him 2 billion Font sizes?!? Jesus. H. Christ... that is a lot of font sizes.kona
- There is a God.utopian
- no it's one font size that costs $2 billion. really big font. really big.sarahfailin
- That's just Hoefler & Co's charge.detritus
- Who fucking cares white boy shithead comptron problems #fuckitdasohr