Mark Zuckerberg drops to 5th on the global billionaire index after Meta shares drop sharply in three years

Mark Zuckerberg drops from 3rd to 5th on the Global Billionaires Index after Meta shares plunge, the biggest in three years, due to plans to sell $30 billion in bonds to fund AI development.

October 31, 2568 at 03.29:XNUMX p.m. Bloomberg News reported that Mark Zuckerberg dropped from third to fifth on the Bloomberg Billionaires Index, his lowest point in nearly two years. After investors panicked over Meta Platforms Inc.'s plans to sell $3 billion in debt, its stock price plummeted amid volatility in the tech giant's earnings season.

Meta shares fell 11%, their biggest drop since 2565, after the company announced it would issue the largest investment-grade bond of the year to raise more money for artificial intelligence (AI) research.

The move reduces Zuckerberg's net worth to $2.352 billion, according to Bloomberg.

Zuckerberg's fall saw him overtaken by Amazon's Jeff Bezos and Alphabet's Larry Page, who re-entered the top four of the world's richest people for the first time since October 2013. Alphabet shares rose 2.5% after reporting revenue that beat analysts' expectations, fueled by surging demand for its cloud services and AI.

Zuckerberg's wealth fell by $2.92 billion in a single day, the fourth-biggest daily drop ever recorded by Bloomberg.

Meta shares had previously surged more than 28% since the start of 2025, adding more than $5.7 billion to Zuckerberg's fortune. But concerns about excessive AI spending have led investors to temper their confidence, with at least two analysts downgrading the stock after Meta said it would spend $1.18 billion in capital expenditures this year and potentially more in 2026.

Amazon shares are up more than 30% since their mid-April lows, as investors react positively to the growth of its cloud business unit (AWS), which has secured deals with AI companies like Anthropic. Amazon's Q3 earnings report beat expectations on both revenue and profit, sending the stock surging in after-hours trading.

refer : www.bloomberg.com

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