Forbes: Mark Zuckerberg has lost $3.7B in net worth after US presidential election

Forbes: Mark Zuckerberg has lost $3.7B in net worth after US presidential electi

According to a Forbes report, several billion dollars in net worth has been lost by Facebook CEO Mark Zuckerberg after the US presidential election on November 8, 2016.

The magazine said in the report that the Facebook stock recorded a 7 percent plunge between November 8 Election Day and December 2; thereby decreasing Zuckerberg's net worth by approximately $3.7 billion.

Nonetheless, going by Forbes' rankings of the World's Billionaires, Zuckerberg - despite the decline in net worth - still is the fifth-ranking billionaire in the world, as of December 4, with an estimated worth of $49 billion.

The four top-ranking billionaires ahead of Zuckerberg on the Forbes list are: Microsoft founder Bill Gates who is the world's wealthiest person with $82.7 billion in net worth; Spanish business magnate Amancio Ortega who ranks No. 2 with $72.5 billion in net worth; Berkshire Hathaway owner Warren Buffett who is No. 3 with $71.5 billion in net worth; and Amazon founder Jeff Bezos who ranks fourth with a net worth of $64.1 billion.

The sixth- to tenth-ranking billionaires on the Forbes' billionaires list, in sequential order, are Oracle founder Larry Ellison; Mexican Telecommunications magnate Carlos Slim Helu; investor Charles Kick; investor David Koch; and former New York City Mayor Michael Bloomberg.


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