Mark Zuckerberg loses $7BILLION from Facebook and Instagram outage dropping him to fifth-richest billionaire

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MARK Zuckerberg

Mark Zuckerberg’s net worth dropped by $7billion amid worldwide Facebook, Instagram and WhatsApp outages.

The Facebook CEO was downgraded to the fifth-richest person in the world on Monday as his company battled major technical issues.

Mark Zuckerberg's net worth dropped by $7billion amid worldwide Facebook, Instagram and WhatsApp outages on Monday
Mark Zuckerberg’s net worth dropped by $7billion amid worldwide Facebook, Instagram and WhatsApp outages on MondayCredit: Alamy

Facebook, Instagram and WhatsApp – all owned by the former – began experiencing problems at around 11.45am EST, according to online outage trackers.

The issues caused Facebook’s share price to plummet by five percent, Bloomberg reported.

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Mark Zuckerberg’s net worth, in turn, dropped by a stunning $7billion to $120.9billion. He subsequently fell one slot on the Bloomberg Billionaires Index behind Bill Gates, who previously held the fifth position.

The substantial loss in a matter of hours was compounded with a 15 percent drop in Facebook stock since mid-September.

On the whole, Zuckerberg’s net worth has dropped by about $19billion since September 13, Bloomberg reported.

Also contributing to Monday’s stock decline were claims from whistleblower Frances Haugen, who went public on Sunday about how Facebook puts profits above ethics.

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