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​Mark Zuckerberg's Net Worth Takes $3 Billion Hit After Changes To Facebook

​Mark Zuckerberg's Net Worth Takes $3 Billion Hit After Changes To Facebook

News surfaced recently that there would be major changes to Facebook, which proved so seismic that it affected Zuckerberg's net worth.

Jess Hardiman

Jess Hardiman

Any time something changes on Facebook, there's usually complete uproar from people who know what they like and like what they know - even though about a week later they can't even remember what the social network site was like before.

Remember when the 'is' disappeared from the status bar? What about when the cover photo was introduced? Outrageous. God, imagine if everyone was still 'poking' each other as a means of flirting - glad that one's moved on.

But there's one tweak that you might not have heard about, despite the fact it's left a $3 billion (£2 billion) dent in Mark Zuckerberg's net worth.

News surfaced recently that there would be major changes to Facebook's news feed, which proved so seismic that Zuckerberg's company's stock dipped.

Credit: PA

Facebook explained that the changes, intended to boost the visibility of posts by friends or family, may mean that people spend less time on Facebook. Therefore, that involves less ads - and in turn, obviously less money.

Facebook stock then declined by about four percent, and with the majority of Zuckerberg's net worth sitting within that, it meant he essentially took a $3bn hit. The decline was also among the sharpest drops for Facebook in its time as a public company.

S'alright, though, because Zuckerberg is clearly still totally minted. He's worth about $74bn (£53bn) - and is estimated to be the world's fifth richest man - meaning the whole debacle is probably just like losing some change down the back of the sofa for this guy.

Plus, he's still one of the most admired CEOs in the world, having transformed himself from an awkward college student with a random idea to one of history's richest men.

He founded Facebook at the tender age of 19, famously dropping out of Harvard University as the social network's popularity grew.

However, now he's even received an honorary degree from the Ivy League school, meaning the man literally has everything.

Credit: Harvard University

In an inspirational speech to the graduating class, he said: "I'm here to tell you finding your purpose isn't enough.

"The challenge for our generation is creating a world where everyone has a sense of purpose."

He also added: "Today I want to talk about three ways to create a world where everyone has a sense of purpose: by taking on big meaningful projects together, by redefining equality so everyone has the freedom to pursue purpose, and by building community across the world."

Featured Image Credit: PA

Topics: Billionaire, World News, News, Facebook, Mark Zuckerberg