Mark Zuckerberg’s Web Truly worth Has Fallen $70 Billion Given that Rebranding Fb to Meta

Mark Zuckerberg adjusted his company’s title from Facebook to Meta in October 2021.

Meta CEO Mark Zuckerberg is on the verge of slipping out of the leading 20 of the world’s richest men and women after a brutal 12 months for American tech giants and his high-priced wager on the metaverse erased much more than $70 billion of his fortune in 2022.

The 38-year-old entrepreneur is was really worth $56 billion as of Sept. 19, in accordance to Bloomberg, putting him in the 20th place on Bloomberg’s Billionaires Index, his cheapest rank considering the fact that 2014. Forbes gauges his net truly worth at $53 billion as of currently (Sept. 20), producing him the 22th richest human being in the earth by their rating.

Zuckerberg’s fortune peaked in September 2021 at $142 billion, in accordance to Bloomberg. A thirty day period later, he improved his company’s identify from Fb to Meta as a declaration of its new target on the metaverse business. Considering that then, Meta’s stock price tag has fallen far more than 50 percent as the organization fails to appeal to new buyers while fees pile up.

It has been a tough calendar year for other American tech titans as nicely. Amazon founder Jeff Bezos has witnessed his prosperity shrink by $44 billion this year. He lately lost his longtime rank as the world’s second richest individual to Indian tycoon Gautam Adani.

Mark Zuckerberg’s Net Worth Has Fallen $70 Billion Since Rebranding Facebook to Meta

Leave your vote

Related Articles

Back to top button

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.