Mark Zuckerberg's Personal Wealth Dropped By $71 Billion This Year -- More than Jeff Bezos and Bill GatesThe billionaire's net worth lives and dies by the performance of his company, Meta Platforms. And tech has had a rough year.
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Amid abroader tech rout, one billionaire, in particular, has seen his fortune get extra squeezed.
According toBloomberg, Mark Zuckerberg lost the most money since the beginning of the year out of the "ultra-rich" tracked on the outlet'sBillionaires Index: a whopping $71 billion.
Musk's net worth dropped by $6 billion, Bill and Melinda Gates lost $27 and $26 billion, andJeff Bezos shed $46 billion.
But Zuckerberg's losses dwarfed them all. The founder of Facebook, renamed Meta Platforms in November, dropped 14 spots in the outlet's index since the start of the year and now is at No. 20.
Zuckerberg was ranked third on this list in May 2020 with a net worth of $87.8 billion.
In September 2021, he clocked in at $142 billion, according to Bloomberg.
Now, he has an estimated net worth of $55.3 billion.
他的财富s pretty much hitched to Meta's performance, as the outlet noted. And it wasn't a great year for the company. Investors areskepticalabout Meta's pivot to focusing on thevirtual reality metaverse, for one thing.
The public might also be feeling dubious. Recently, Zuckerberg wasroasted onlinefor the apparent simplicity of a picture of his metaverse avatar, (which he later said was a draft of sorts) relative to the cost of the project.
Facebook is alsolosing out on Generation Z, pretty resoundingly, to TikTok, despite the company's attempts to replicate short-form video on Instagram and Facebook.
And, as Bloomberg notes, in February, Facebook reported losing users for the first time in its history — and Zuckerberg lost $31 billion that day alone.
In January, Meta was trading at $338 a share, and it's down to $148 as of Tuesday -- a 56% decrease.
