Zuckerberg loses RM29bil in hours as Facebook plunges

The stock slide on Monday sent Zuckerberg’s worth down to US$120.9bil (RM505bil), dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. — Getty Images/TNS

Mark Zuckerberg’s personal wealth has fallen by nearly US$7bil (RM29bil) in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc’s flagship products offline.

A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.