After the Meta meltdown, Mark Zuckerberg's net wealth plummeted, falling below Gautam Adani and Mukesh Ambani.

Following a sharp drop in the stock of social media powerhouse Meta, formerly known as Facebook, on Thursday, its billionaire creator and CEO Mark Zuckerberg saw his net worth plummet by almost $29 billion.

On Thursday, Meta had its largest one-day drop in history, with its shares plummeting 26% and its market value plummeting by more than $230 billion. Its demise came after a disappointing financial report. On Wednesday, Zuckerberg detailed how Facebook was managing a difficult shift from social networking to the metaverse, or virtual world.

According to Forbes' real-time statistics, Zuckerberg's net worth has dropped to $84.8 billion, putting him below Indian entrepreneurs Gautam Adani and Mukesh Ambani.

According to Reuters, Zuckerberg owns around 12.8 percent of Meta, and this one-day drop in his worth is among the largest ever. It follows Tesla Inc. CEO Elon Musk's $35 billion single-day paper loss in November.

Last year, before the tech crash of 2021, Zuckerberg sold $4.47 billion worth of Meta shares. The stock transactions were part of a pre-determined 10b5-1 trading strategy, which executives employ to alleviate insider trading concerns.

Gautam Adani and his family are now placed 10th on Forbes' list of the world's wealthiest people, with a net worth of $90.8 billion, while Mukesh Ambani is rated 11th, with a net worth of $89.2 billion.