Mark Zuckerberg’s fortune drops by $71 billion this year only “I know the story”


Mark Zuckerberg’s net worth has more than halved this year, toppling him from the top of the list of the world’s richest people while his company struggles dead during her crisis.


According to the New York Post, the 38-year-old has lost $71 billion of his fortune on paper since January, a period when the shares of the parent company on Facebook plunged to new lows. His net worth is now estimated at 55.9 billion. dollars, and this makes Zuckerberg the 20th richest person in the world on the Bloomberg Billionaires Index – his lowest position since 2014 – as the creator of the most popular social networking site Facebook started at number six.



Mark


This is a far cry from May 2020 when Zuckerberg was behind Jeff Bezos and Bill Gates as the third richest man in the world with a net worth of $87.7 billion, and last September his fortune swelled to an all-time high of $142 billion, making him ranked fifth. After giants such as Elon Musk, Bezos, Bernard Arnault and Gates.

Meta Apps
Meta Apps


And the downward path began shortly after Zuckerberg announced that Facebook He will rename himself dead He will shift his focus towards metaverse That expensive initiative cost $10 billion in investments last year alone, and has been widely criticized by the public, as well as some of the company’s employees, according to reports..


Shares fell dead Zuckerberg’s wealth has increased by nearly 60% since last January, and most of Zuckerberg’s wealth is tied to his share of stock. dead Worse than the tech-heavy Nasdaq, which is down 27% over the same period, and in February Zuckerberg lost about $30 billion of his fortune on paper in a single day..

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