Facebook founder and Chief Executive Officer (CEO), Mark Zuckerberg’s personal wealth has fallen reduced by more than $6 billion in a few hours, knocking him down a notch on the list of the world’s richest people.
The drastic reduction in his net worth was largely due to a revelation by a whistleblower and also outages that affected Facebook Inc.’s flagship products.
The flagship products include Facebook, Facebook Messenger, Instagram, and WhatsApp.
According to a report by Yahoo Finance, a selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.
The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.