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Stats: 16,579 members, 63,680 Topics, 14,456 Comments. Date: March 19, 2019, 1:17 am

Rufai Oladimeji
Lagos State University
English
100Level, Nigeria.
From a report recently released by FORBES

The biggest loser in the world was Facebook
CEO Mark Zuckerberg, who had a terrible year
amid internal scandals and damaging publicity.
He was the only American among the ten
biggest billionaire losers with a loss of $18.6
billion and current net worth of $52.5 billon.

The day after Facebook reported disappointing
second-quarter results in July, the company’s
shares plunged 19%, erasing $15.4 billion of
Zuckerberg’s fortune. Other factors
contributed to Facebook’s decline in 2018:
Congress grilled Zuckerberg on Facebook’s data
use in April, and in November, the New York
Timesdisclosed that Facebook paid a public
affairs firm to promulgate negative
information about George Soros, who had
criticized the social media firm
Still there are also billionaires whose fortune
increased, the biggest gainer by a vast mast
margin was Amazon founder and CEO Jeff
Bezos whose fortune climbed $28 billion
making its net worth $126 between December
29 2017 to December 17 2018.

www.forbes.com/sites/denizcam/2018/12/21/the-biggest-billionaire-winners-and-losers-of-2018/?utm_source=LINKEDIN_COMPANY&utm_medium=socia
Mark Zuckerberg Is The Biggest Billionaire Loser In 2018 - See Current Net Worth  - Business News & Related issuesMark Zuckerberg Is The Biggest Billionaire Loser In 2018 - See Current Net Worth  - Business News & Related issues

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