New photo Mark Zuckerberg lost $15 billion in 2018, the worst drop among world's 500 richest people

The founder of Facebook has lost almost a quarter of his net worth after a very bad year for the social media giant. 

Mark Zuckerberg, the 34-year-old multi-billionaire, is set to be have $15 billion less as the constant bad news surrounding his social media giant took its toll on his fortune, according to Money Magazine.

COO Sheryl Sandberg downplaying Russian election interference, user data breaches and fleeing executive talent punished the brand, as well as the man, whose fortune is mostly tied up in ownership of the Facebook platform.

Money Magazine drew up a timeline of debacles and stumbles over the course of the year that plunged the billionaire multiple notches down on the list of the wealthiest people on the planet.

Mark Zuckerberg, co-founder and CEO of Facebook, testifying before Congress about the Cambridge Analytica use of user data in the 2016 election

Beginning in March, Christopher Wylie, the co-founder of the data analytics firm, Cambridge Analytica, revealed that misappropriated 50 million of Facebook users' data (revised up to 87 million later) and then used that information to target voters in the 2016 election on behalf of the Trump campaign.

The Facebook founder temporarily lost  $13 billion on the news which forced him to concede that his company may have made a mistake in not proactively doing something about the breach.

'When we heard back from Cambridge Analytica that they had told us that they weren’t using the data and deleted it, we considered it a closed case,' Zuckerberg told Congress when placed on the hotseat. 'In retrospect, that was clearly a mistake.' 

Mark Zuckerberg's fortune dropped from $75 billion at the start of the year to $57 billion by its end

Facebook went from a high this year of $217.50 per share down to a trading price of $144.06 amid the scandals and problems at the social media giant

Due to lackluster sales and poorer prospects for growth, investors soured on the platform. Zuckerberg also admitted that spending on security in light of the previous scandal would affect profits. 

Then came the worst single-day loss in share value in the history of U.S. stocks. Facebook provided its Q2 earnings after trading hours on July 25 while at an all-time high price of $217.50. 

On July 26, the shares opened 20% lower. Zuckerberg lost $15.9 billion by the end of the day, and another $2.2 billion in following days.

With an accelerating fall underway, Money points to an exodus of executive talent from acquired businesses WhatsApp and Instagram painting an unhealthy picture of the internal politics of the company with WhatsApp co-founder tweeting 'It is time. #deletefacebook' as he departed.

COO Sheryl Sandberg testifying to the U.S. Senate about foreign operations on social media in September. Sandberg reportedly downplayed evidence of Russian election interference on Facebook

Facebook took multiple hits to its stock value this year which then dragged down its co-founder's net worth by almost 25 percent

Georg Schaeffler, a German billionaire producer of ball bearings, machine components and car parts was second in the worst losses list of Bloomberg Billionaires

In November, before things could settle down, the New York Times dropped a bombshell about 'Lean In' author and Facebook COO Sheryl Sandberg's role during a variety of the company's scandals: ignoring Russian hacking, playing down Cambridge Analytica's data misuse and even lying about hiring the data company to target liberal billionaire George Soros.

The platform even received criticism earlier this year from the United Nations human rights experts weighing in on its culpability for the spread of hate speech leading to the Rohingya genocide in Myanmar.

Zuckerberg's embattled financial empire now stands at $57 billion down from $75 billion at the beginning of the year, the biggest loss among 500 billionaires according to the Bloomberg Billionaires Index.

He still stands at number six on the Index's list of billionaires. 

German car parts industrialist Georg Schaeffler finds himself in second place with a loss of $13.8 billion for the year.

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News Pictures Mark Zuckerberg lost $15 billion in 2018, the worst drop among world's 500 richest people

You don’t have to pack away your bikini just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!

TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”

Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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