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Old 07-26-2018, 04:15 PM  
T-post Tom T-post Tom is offline
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Zuckerberg Loses $16.8 Billion in Facebook Stock Drop
Zuckerberg's $16.8 Billion Wipeout Into Perspective

(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 Antof@gasta (LON:ANTO) Plc (among the world’s largest copper producers)
  • 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.

https://www.investing.com/news/stock-market-news/putting-zuckerbergs-168-billion-wipeout-into-perspective-1545851
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Old 07-26-2018, 04:17 PM   #2
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He deserves it. Although i imagine he will get it all back over the next year.
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Old 07-26-2018, 04:18 PM   #3
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Old 07-26-2018, 04:21 PM   #4
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Quote:
Originally Posted by T-post Tom View Post
Zuckerberg's $16.8 Billion Wipeout Into Perspective


[*]Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest family, which controls Antopillowbiterasta (LON:ANTO) Plc (among the world’s largest copper producers)



https://www.investing.com/news/stock-market-news/putting-zuckerbergs-168-billion-wipeout-into-perspective-1545851
Wut?
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Old 07-26-2018, 04:22 PM   #5
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I saw that today. That is nuts. There is some guy I never heard of now above him.
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Old 07-26-2018, 04:25 PM   #7
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Wut?
LOL. CP filter for "f@g". Fixed.
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Old 07-26-2018, 04:28 PM   #8
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Old 07-26-2018, 04:42 PM   #9
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Old 07-26-2018, 04:45 PM   #10
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It's going to cost a lot to clean up the Facebook. Everything that they'll need to do to keep from repeating all of the mistakes that happened during the 2016 election cycle. The Trump cult's been slowly leaving over the past couple of years anyway. If they were quicker with it investors may not be losing as much, but we all know that Insane Clown President's crowd is a little slow most of the time
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Old 07-26-2018, 05:23 PM   #11
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Old 07-26-2018, 05:43 PM   #12
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Old 07-26-2018, 05:45 PM   #13
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Old 07-26-2018, 05:51 PM   #14
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Old 07-26-2018, 05:51 PM   #15
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I would be more concerned about the other $100B that was lost, most likely to regular middle class people that just had their portfolio take a HUGE hit, which can cause them to not be able to retire or forces them back into the workforce.
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