Mark Zuckerberg Lost $15.1 Billion in 5 Minutes

For many of the world’s richest people, losing $15.1 billion in five minutes would be a wipeout. For Mark Zuckerberg, it’s just about a sixth of his net worth. His fortune tumbled 17 percent in the first five minutes of trading Thursday, as shares of the social media giant slid 18 percent on disappointing second-quarter results. If that holds through the close, he’ll slide to sixth place from third on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. It would also wipe out his $13.7 billion of gains for the year, leaving him with about $71 billion.

http://time.com