Facebook founder Mark Zuckerberg announces he’s expecting third child – after losing $71 BILLION

At least his brood is booming! Meta boss Mark Zuckerberg announces his wife Priscilla Chan is pregnant with their third child – a baby girl – HOURS after it was revealed his net worth has plummeted by $71BN

  • Zuckerberg, 38, shared the exciting baby news via Instagram amid reports that he had lost billions of dollars after attempting to pivot into the metaverse
  • The Metaverse founder and his wife, Priscilla Chan, 37, are expecting a baby girl, who is due next year
  • The couple, who met in 2003 while they both attended Harvard, already share two children together, two daughters, named Maxima, six, and August, five
  • The announcement comes less than a day after Bloomberg reported that the entrepreneur had lost a big chunk of money over the last year 
  • According to the outlet, he was worth $142 billion in September 2021, but as of Tuesday, his net worth was reported at a mere $56 billion
  • The billionaire has seen his fortune slip since he re-named Facebook’s parent company Meta Platforms to ‘reflect its focus on building the metaverse’ last year

Facebook founder Mark Zuckerberg has announced that he’s expecting his third child – hours after it was revealed that his net worth had plummeted by $71 billion.

The business mogul, 38, shared the exciting baby news via Instagram amid reports that he had lost billions of dollars after attempting to pivot into the metaverse.

Zuckerberg and his wife, Priscilla Chan, already share two children together, two daughters, named Maxima, six, born in December 2015, and August, five, born in August 2017.

‘Lots of love. Happy to share that Max and August are getting a new baby sister next year,’ he wrote on social media, alongside a snap that showed the billionaire alongside his wife, Chan, as he placed his hand on her stomach.

Facebook founder Mark Zuckerberg (seen with his wife on September 15) announced that he's expecting his third child - after it was revealed that his net worth had plummeted by $71 billion

Facebook founder Mark Zuckerberg (seen with his wife on September 15) announced that he’s expecting his third child – after it was revealed that his net worth had plummeted by $71 billion

 

The business mogul, 38, shared the exciting baby news via Instagram amid reports that he had lost billions of dollars after attempting to pivot into the metaverse

 The business mogul, 38, shared the exciting baby news via Instagram amid reports that he had lost billions of dollars after attempting to pivot into the metaverse

Zuckerberg and his wife, Priscilla Chan, already share two children together, two daughters, named Maxima, six, born in December 2015, and August, five, born in August 2017

Zuckerberg and his wife, Priscilla Chan, already share two children together, two daughters, named Maxima, six, born in December 2015, and August, five, born in August 2017

The announcement comes less than a day after Bloomberg reported that the entrepreneur had lost a big chunk of money over the last year.

'Lots of love. Happy to share that Max and August are getting a new baby sister next year,' Mark wrote on social media

‘Lots of love. Happy to share that Max and August are getting a new baby sister next year,’ Mark wrote on social media

According to the outlet, he was worth $142 billion in September 2021, but as of Tuesday, his net worth was reported at a mere $56 billion.

The economic headwinds meant that Zuckerberg was ranked 20th among global billionaires – his lowest spot since 2014. 

The New York-born billionaire has seen his fortune steadily slip away since he launched Meta, Facebook’s parent company, in October 2021. 

In February, Meta revealed no growth in monthly Facebook users, triggering a historic collapse in its stock price and slashing Zuckerberg’s fortune by $31 billion – resulting in one of the biggest one-day declines in wealth ever. 

The announcement comes less than a day after Bloomberg reported that the entrepreneur had lost a big chunk of money over the last year

The announcement comes less than a day after Bloomberg reported that the entrepreneur had lost a big chunk of money over the last year 

The billionaire (seen with his wife after the birth of their daughter, Max) has seen his fortune steadily slip away since he launched Meta, Facebook's parent company, in October 2021

The billionaire (seen with his wife after the birth of their daughter, Max) has seen his fortune steadily slip away since he launched Meta, Facebook’s parent company, in October 2021

Almost all of Zuckerberg's wealth is tied up in Meta stock, as he holds more than 350 million shares, according to the company's latest proxy statement. He is seen with his family

Almost all of Zuckerberg’s wealth is tied up in Meta stock, as he holds more than 350 million shares, according to the company’s latest proxy statement. He is seen with his family

Almost all of Zuckerberg’s wealth is tied up in Meta stock, as he holds more than 350 million shares, according to the company’s latest proxy statement. 

Zuckerberg launched Facebook in February 2004, during his sophomore year of college.

He later expanded by purchasing Instagram and WhatsApp, and last fall, he announced that the parent company would be changing its name from Facebook, Inc. to Meta Platforms, Inc. to ‘reflect its focus on building the metaverse’ – something that has appeared to backfire on the computer scientist.

Meta is performing worse than its peers, Bloomberg reported – down 57 per cent this year, versus 14 per cent for Apple, 26 per cent for Amazon, and 29 per cent for Google’s parent company, Alphabet.

Zuckerberg and his wife, a philanthropist and a former pediatrician, 37, met at a frat party when they were both attending Harvard University.

They began dating in 2003, and got married nine years later – in May 2012 in an intimate ceremony held in their backyard.

After the birth of their first daughter, the couple announced in a letter posted to Facebook that most of their money would be left to charity, rather than their offspring.

The share price of Meta, Facebook's parent company, has plummeted, falling 30 percent over the last six months (pictured)

The share price of Meta, Facebook’s parent company, has plummeted, falling 30 percent over the last six months (pictured)

Zuckerberg and his wife, a philanthropist and a former pediatrician, 37, (seen in 2019) met at a party when they were both attending Harvard in 2003, and married in 2012

 Zuckerberg and his wife, a philanthropist and a former pediatrician, 37, (seen in 2019) met at a party when they were both attending Harvard in 2003, and married in 2012

The pair previously started the Chan Zuckerberg Initiative together, an organization dedicated to ‘personalized learning, curing disease, connecting people and building strong communities,’ and they revealed that ’99 percent of their Facebook shares’ were going to be given ‘to advance this mission’ over the course of their lifetime.

‘We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others,’ they wrote in a joint statement at the time. 

During a 2019 interview with Gayle King, Zuckerberg opened up about keeping his children down to Earth despite his large fortune.

‘How do you raise children when you can really give them anything, materially, to be grounded?’ King asked, to which the Facebook founder replied, ‘Well I think, first of all, we don’t give them everything.

‘That’s an important piece, but they also just have responsibilities.’

Chan added: ‘They have chores, they have responsibilities. We also take them to work. Mark and I take both of them to the office to see what we do, how we contribute.’

He also revealed on Lex Fridman’s podcast that he sits down with his daughters every night before bed to discuss the things that he feels ‘are most important in life,’ including taking care of yourself and your health, valuing your friends and family, and achieving your future goals.

While chatting with The Times, Chan revealed that she and her husband split the parenting duties – with her getting them ready in the morning and Zuckerberg handling the bedtime routine.

She also revealed that August has been ‘coding’ with her father since she ‘turned three.’ 

Source

Related posts