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Facebook CEO Mark Zuckerberg loses $7 billion net worth within hours of outage

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Mark Zuckerberg

Facebook products went offline globally on Monday inconveniencing millions of users but one person who’s had the biggest inconvenience has to be Mark Zuckerberg.

The giant tech CEO has dropped to the fifth richest man in the world after losing $7 billion in the early hours of the outage.

Mark Zuckerberg
Mark Zuckerberg. Photo/File

This is after a drop of 5% in stocks leading to Zuckerberg’s net worth to drop to $120.9 billion from $128 billion.

Read more Facebook, WhatsApp and Instagram experience and outage

This is however not the first major loss Zuckerberg is facing this year, infact since September 13th he has lost a cumulative of $19 billion in wealth after an exposé by the Wall Street journal about Facebook’s problems with its products including Instagram and WhatsApp.

Facebook has been accused of knowingly spreading misinformation and not regulating it’s platforms to curb human trafficking and causing mental health issues in teenage girls in the case of Instagram.

Mark Zuckerberg is now behind Microsoft founder Bill Gates($125 billion) in terms of wealth according to the Bloomberg Billionaire index.

Facebook Instagram and WhatsApp continue to experience the global outage with sources indicating there could be an ongoing hacking activity that compromised it’s systems.

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