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Mark Zuckerberg drops to 5th on Bloomberg Billionaires Index

Business

Mark Zuckerberg just dropped to fifth on the Bloomberg Billionaires Index, after Meta revealed plans to spend a massive $70-72 billion on AI capital expenditure by 2025.
The announcement made investors nervous, sending Meta's stock down and cutting Zuckerberg's net worth to around $235 billion.

Meta's AI investment causes stock sell-off

Meta's huge AI investment—much bigger than earlier estimates—sparked a sell-off in its shares, wiping out $29.2 billion from Zuckerberg's fortune.
Meanwhile, rivals like Jeff Bezos and Larry Page actually climbed in the rankings thanks to stronger stock performances.
It's a reminder that bold moves in tech can seriously shake up who's on top.