Economy

Mark Zuckerberg loses $3 billion as world’s richest get pummelled by market swoon

Mark Zuckerberg has lost US$3.2 billion of his fortune as large cap stocks disappointed for a fourth straight day.Drew Angerer files

It’s been an expensive week for the world’s richest people.

Mark Zuckerberg is nursing the biggest fall after losing US$3.2 billion as large cap stocks disappointed for a fourth straight day.

Losses for the Facebook Inc. chief executive officer topped those of Spain’s Amancio Ortega and Mexico’s Carlos Slim, who were both down US$2.4 billion as of 1 p.m. in New York. The fortunes of Alphabet Inc.’s Larry Page and Sergey Brin each dwindled more than US$2 billion on the Bloomberg Billionaires Index since markets opened on Monday.

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