Putting Zuckerberg's $15.1 Billion Wipeout Into Perspective
For Mark Zuckerberg, it’s just about a fifth of his net worth.
(Bloomberg) -- For many of the world’s richest people, losing $15.1 billion in five minutes would be a wipeout.
For Mark Zuckerberg, it’s just about a sixth of his net worth.
![Putting Zuckerberg's $15.1 Billion Wipeout Into Perspective](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i2i3z9dnjv2s/v5/560x-1.jpg)
His fortune tumbled 17 percent in the first five minutes of trading Thursday, as shares of the social media giant slid 18 percent on disappointing second-quarter results. If that holds through the close, he’ll slide to sixth place from third on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. It would also wipe out his $13.7 billion of gains for the year, leaving him with about $71 billion.
![Putting Zuckerberg's $15.1 Billion Wipeout Into Perspective](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iCEw3TaCmwiE/v2/560x-1.png)
It’s an evaporation of wealth so big it would have erased much of these fortunes:
- Charlene De Carvalho-Heineken -- she’s the biggest shareholder of the world’s second-largest brewer, Heineken NV, and has a net worth of about $16.7 billion
- Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest clan, which controls Antofagasta Plc, one of the world’s largest copper producers
- Leonard Lauder -- chairman emeritus of Estee Lauder Cos Inc., one of the largest makers of cosmetics and fragrances
- Zhang Zhidong -- the co-founder of Tencent Holdings Ltd., with a net worth of $16.2 billion
- Elaine Marshall -- a director at Koch Industries Inc., the second largest closely held business in the U.S.
- William Ding, chief executive officer of NetEase Inc. with a fortune of $16 billion
--With assistance from Matt Turner.
To contact the reporters on this story: Divya Balji in Singapore at dbalji1@bloomberg.net;Tom Metcalf in New York at tmetcalf7@bloomberg.net
To contact the editors responsible for this story: Chris Nagi at chrisnagi@bloomberg.net, ;Pierre Paulden at ppaulden@bloomberg.net, Peter Eichenbaum, Steven Crabill
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