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: As Zuckerberg suffers $30 billion paper loss, Bezos set to rake in $20 billion


As investors punished Meta Platforms for its first-quarter sales guidance miss, CEO Mark Zuckerberg felt it where it mattered — his wallet.

According to Forbes data, Zuckerberg lost $29.7 billion on Thursday, since he owns nearly 13% of the Facebook FB, -26.39% parent. Zuckerberg is now a mere two-digit billionaire, with a net worth of $84.8 billion.

That’s still about 700,000 times the median net worth of U.S. households, which is $121,700, according to the most recent Federal Reserve estimate.

Jeff Bezos, however, is set to see an extraordinary wealth gain. By Reuters calculations, the Amazon AMZN, -7.81% founder and chairman is going to see his wealth shoot up by $20 billion, after the e-commerce giant reported a surge in profit and said it would hike the cost of its Prime subscription service.

Those gains will help narrow the gap between Bezos and LVMH MC, -1.42% Chairman and CEO Bernard Arnault for second-richest human, though they both trail Tesla TSLA, -1.60% CEO Elon Musk by a considerable distance.

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