What is Zuckerberg’s wealth? He is no longer one of the top 10 riches

Facebook CEO Mark Zuckerberg has dropped 14 locations on the listing of the world’s richest individuals, in keeping with the Bloomberg Billionaires Index. He is the twentieth richest individual with a web price of $55.3 billion – down from $70.2 billion year-to-date on Monday as a consequence of a pointy drop in Meta’s share worth.

Tesla CEO Elon Musk, Amazon founder Jeff Bezos and Microsoft founder Bill Gates are amongst the 5 richest individuals in the world. Musk, who topped the listing, misplaced $2.55 billion final yr, whereas Bezos (third) misplaced $44.4 billion. Gates (fifth) misplaced $26.2 billion.

Prices for tech items have fallen in the previous yr as a consequence of the financial downturn. The paper inventory of many nice applied sciences is linked to the necessary positions they maintain in the corporations they based.

Zuckerberg’s web price reached $140 billion in September 2021. A month later, he introduced the rebranding of Facebook as Meta to have fun its transfer into the “metaverse”, a digital universe by which in actuality. At this time his fortunes started to say no.

In February, Meta shares fell almost 23% after sudden bills in its “metaverse” led to decrease fourth-quarter revenue, together with a decrease outlook for the cash, in the rising competitors with TikTok.

In July, Meta reported its first quarterly decline in income from a yr earlier, after reporting its first decline in every day Facebook customers.

During his almost three-hour look on The Joe Rogan Experience in August, Zuckerberg mentioned he thought the metaverse can be “more healthy” for individuals — and reiterated his perception that this is the subsequent technology. of the web.

“My purpose for this subsequent set of platforms is to be extra immersive and hopefully extra productive – however I do not need individuals to spend extra time on the laptop,” he mentioned. to Rogan. “I simply need individuals to spend extra time on screens.”

Check out the listing of the top ten richest individuals, in keeping with Bloomberg

  1. Elon Musk (Tesla, USA): $262 billion
  2. Gautam Adani (Adani Group, India): $144 billion
  3. Jeff Bezos (Amazon, USA): $142 billion
  4. Bernard Arnault (LVMH, France): $137 billion
  5. Bill Gates (Microsoft, US): $110 billion
  6. Warren Buffett (Berkshire Hathaway, USA): $94.6 billion
  7. Larry Page (Google, USA): $91.9 billion
  8. Mukesh Ambani (Reliance Industries Limited, India): $88.8 billion
  9. Sergey Brin (Google, US): $88 billion
  10. Larry Ellison (Oracle, USA): $87.1 billion

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