Zuckerberg's fortune evaporates $15.4 billion overnight

Zuckerberg’s ranking on the Forbes Rich List fell to sixth in the world, with a wealth of more than $67 billion.

According to reports, Facebook's share price fell 19% on Thursday, hitting its highest single-day decline since its listing. The market value evaporated by $119 billion, close to the market value of four Twitters.

The wealth of Facebook CEO Mark Zuckerberg has also been hit hard.

According to Forbes real-time data, Zuckerberg’s fortune lost $15.4 billion overnight, and the ranking on the rich list fell to sixth in the world, with wealth exceeding $67 billion. According to the 2017 GDP comparison, Zuckerberg lost overnight, equivalent to a Georgia (previous year GDP of 15.23 billion US dollars)


Facebook released its second-quarter results on Wednesday, and CFO David Wehner said the company's profit margins will fall in the next few years. As soon as the news came out, at least 16 brokers lowered their target price for Facebook.

As one analyst said, the “blockbuster” sparked Wall Street’s concern that Facebook’s model could be threatened. In the previous year, Facebook has been working hard to eliminate people's concerns about privacy and its role in the global news dissemination.

Facebook's share price closed at $176.26 on Thursday, down 18.96%, with a market capitalization of $510.2 billion. The highest share price of the day was $180.13 and the lowest price was $173.75.

Of the 47 analysts who covered Facebook, 43 still rated the stock as “buy”, two ratings as “hold” and only two ratings as “sell”. The median price of their target price is $219.30.

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