Zuckerberg’s fortune falls by $71 billion so far this year as Facebook founder’s net worth halves 

Mark Zuckerberg’s fortune is slashed in half as Meta chief loses $71 BILLION this year after pivot into Metaverse: Share price plummets by 57% in a year

  • Zuckerberg, 38, was worth $142 billion in September 2021 but his fortunes have dramatically fallen, and now he is worth a mere $56 billion 
  • His wealth has fallen by more than any other billionaire, Bloomberg reported, and Zuckerberg was at his lowest billionaire’s ranking since 2014
  • His fortune peaked in September 2021, and a month later he launched Meta, as a parent company for Facebook, Instagram and WhatsApp
  • Meta has struggled with questions about censorship and a drop in advertising revenue, plus challenges from new platforms like TikTok 

Mark Zuckerberg‘s wealth has plummeted by $71 billion this year – more than any other billionaire tracked by Bloomberg’s ratings.

Zuckerberg, 38, was worth $142 billion in September 2021. On Tuesday he was worth a mere $56 billion, Bloomberg reported.

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

Zuckerberg was placed below three Waltons, and two members of the Koch family.

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

Mark Zuckerberg, 38, is seen on September 15 in Los Angeles. The Facebook founder has seen his wealth drop by over half

Mark Zuckerberg, 38, is seen on September 15 in Los Angeles. The Facebook founder has seen his wealth drop by over half

Zuckerberg was accompanied by his wife, Priscilla Chan, during their LA trip

Zuckerberg was accompanied by his wife, Priscilla Chan, during their LA trip

Zuckerberg was worth $142 billion in September 2021. On Tuesday he was worth a mere $56 billion

Zuckerberg was worth $142 billion in September 2021. On Tuesday he was worth a mere $56 billion

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 himself has come under intense scrutiny for his policies on content – first, during the 2016 election, with the Cambridge Analytica scandal, and then with battles over censorship and content monitoring.

He has been called to testify before Congress, with Republicans accusing him of censorship and Democrats saying he did not do enough.

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

Zuckerberg's fortune has fallen by more than any other billionaire tracked by Bloomberg

Zuckerberg’s fortune has fallen by more than any other billionaire tracked by Bloomberg

Meta's value is down by over 56 percent this year

Meta’s value is down by over 56 percent this year

Meta has recently faced controversy over its plan to promote Reels – short videos – on Instagram, which it owns.

And the tech industry as a whole is facing challenges, as advertisers reassess their spending amid looming recession.

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

Almost all of Zuckerberg’s wealth is tied up in Meta stock.

He holds more than 350 million shares, according to the company’s latest proxy statement.

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