FACEBOOK'S CATASTROPHIC YEAR HAS CAUSED MARK ZUCKERBERG TO LOSE MORE MONEY THAN ANY OF THE WORLD'S OTHER 500 RICHEST BILLIONAIRES

Facebook CEO Mark Zuckerberg.

• Mark Zuckerberg's net worth took a major hit this year after scandals plagued Facebook.
• Zuckerberg's wealth took its biggest nosedive after Facebook's disastrous second-quarter earnings were announced in July.
• Time magazine's Money reports that he is set to lose the most money this year of any of the world's 500 richest people.

A disastrous year for Facebook has left a major dent in the wealth of its CEO and cofounder, Mark Zuckerberg, who has lost billions of dollars in net worth.

Zuckerberg began the year with about $75 billion, but, according to Bloomberg's Billionaire Index, he was worth about $56 billion on Monday. That's a $19 billion drop.

Zuckerberg owns a 13% stake in Facebook, which this year has been beset by crises including the Cambridge Analytica scandal, accusations of mismanagement, a shareholder revolt, and questions over inappropriate content.

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