Facebook CEO Mark Zukerberg loses $7billion within 5 hours....

Facebook founder and Chief Executive Officer (CEO), Mark Zuckerberg’s personal wealth has fallen reduced by more than $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people. During the outage, his company's stocks dropped by 5%. 

Mark Zuckerberg who was dwindling between 3rd and 4th on Forbes Richest list has moved behind Bill Gates. He is now the 5th richest person in the world after Bill Gates who is now at 4th after divorcing his wife.

The drastic reduction in his net worth was largely due to a revelation by a whistleblower and also outages that affected Facebook Inc.’s flagship products. The flagship products include Facebook, Facebook Messenger, Instagram, and WhatsApp.

According to a report by Yahoo Finance, a selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.

The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.