Putting Zuckerberg's $15.1 Billion Wipeout Into Perspective
The Facebook Inc. logo is displayed on a computer screen and reflected in water droplets in San Francisco, California. (Photographer: David Paul Morris/Bloomberg)

Putting Zuckerberg's $15.1 Billion Wipeout Into Perspective

(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

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

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

©2018 Bloomberg L.P.

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