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Facebook’s plunge drops Zuckerberg down the billionaire ranks — behind a guy many Americans may not know

The massive drop in Facebook’s FB, -19.87% stock is shaking things up — not just for investors and market watchers, but in rankings of the world’s richest people.

Facebook lost about $120 billion in market capitalization on Thursday after its latest quarterly earnings report showed the social media giant missed expectations on revenue and is experiencing slowing user and revenue growth.

Facebook stock is down 19% in mid-afternoon trading on Thursday. If shares hold their value or continue to dip through Thursday’s close, Facebook CEO Mark Zuckerberg’s fortune would drop by about $16.8 billion, according to the Bloomberg Billionaire’s Index.

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