Mark Zuckerberg’s net worth drops $2.7 bn after Facebook, Instagram outages

Following the widespread outage caused on Meta-owned platforms Facebook and Instagram on Tuesday evening, CEO Mark Zuckerberg’s net worth declined $2.7 billion to $176 billion, the Bloomberg Billionaires Index showed on Wednesday.

Following the incident, Zuckerberg’s net worth took a hit of 2.2 per cent. However, the 39-year-old tech mogul remained the world’s fourth richest person after Amazon founder Jeff Bezos, Bernard Arnault and Elon Musk, the data showed.

The index maps the daily ranking of the world’s wealthiest people based on the figures concluded at the close of every trading day in New York.