mark zuckerberg facebook

The Facebook-Cambridge Analytica scandal could cost Mark Zuckerberg his status as fourth-richest person in the world

7%

Facebook’s shares dropped more than 7% on Monday morning, following revelations that political advertising firm Cambridge Analytica—a company that helped elect Donald Trump—illicitly harvested information on 50 million US Facebook users.

Published   |  Photo by Reuters/Stephen Lam
mark zuckerberg facebook
7%

The stock decline slashed Facebook’s market value by about $30 billion. It also cost Mark Zuckerberg at least $3.8 billion, reducing his fortune from $75.3 billion to $71.5 billion, according to Bloomberg.

mark zuckerberg facebook
7%

Zuckerberg remains the world’s fourth richest person, but if Facebook’s shares keep falling, he could lose his position to Amancio Ortega, the Spanish tycoon of the Zara chain, who is now just behind him with $69.9 billion.

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