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In 2018, Mark Zuckerberg’s net worth was slashed by $9 billion

Zuckerberg slipped down three places on Forbes 2018 global billionaires list.

The year 2018 definitely wasn’t nice to Mark Zuckerberg. His company, Facebook, ran into a lot of issues, such as data breaches and privacy scandals. Along with it, however, Zuckerberg’s wealth took a hit and his company’s fortune.

In 2018, Mark Zuckerberg’s net worth fell by $9 billion. Yikes. On the Forbes 2018 global billionaires list, he fell down three places. Forbes now estimates that Zuckerberg’s net worth is about $62.3 billion, down from $71 billion last year. According to Forbes, Zuckerberg’s wealth is ties to Facebook’s performance because he currently owns 17% of the company stock.

Facebook itself took a lot of blows in 2018. The company saw multiple government investigations that forced Zuckerberg to provide Congress (and others) with much-needed answers, and several data breaches. Facebook’s stock tumbled quite a bit throughout the year, losing more than a fifth of its value overall.



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Hamza Khalid is the Lead Editor at The Jolt Journal. You're more than welcome to follow him on Twitter and follow us The Jolt Journal on Twitter and Facebook. If you have any questions, concerns, or need to report something in this article, please send Hamza Khalid an email at [email protected] This story may be updated at any time if new information surfaces.

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Hamza Khalid

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