‘Two words’ that wiped $29 billion from Mark Zuckerberg’s wealth in just one day, taking him to his lowest ranking in two-plus years on Billionaires Index

Mark Zuckerberg's net worth plummeted by $29.2 billion, dropping him to fifth on the Bloomberg Billionaires Index. This significant loss was triggered by Meta's substantial planned capital expenditures for AI infrastructure, including data center expansion. Investors expressed concern over the company's aggressive spending strategy and a $30 billion debt issuance.