Science

Mark Zuckerberg Lost $70 Billion

This is a slap in the face for Mark Zuckerberg. In 2022, Meta’s CEO’s fortune has melted by $70 billion, or even $71 billion according to Bloomberg estimates, according to Business Insider. As of September 2021, his fortune was estimated at $142 billion. Today, that would be between $55.9 billion and $53.4 billion.

Thus, he is only the 20th richest person in the world, far behind Elon Musk. It must be said that since the last quarter of 2021, the company has experienced serious shocks.

In the middle of a storm

Mark Zuckerberg noticeably changed the name of the company, which includes, in addition to Facebook, Instagram and WhatsApp, to Meta. At the same time, he announced a new path he is betting on: the metaverse. A change in direction that hasn’t happened yet. The Facebook app lost users and everything collapsed together, leading to a change in hiring policies in recent months. Hiring, starting with engineers, is currently on hold.

Mark Zuckerberg’s financial well-being is inextricably linked to the well-being of his company, since it mainly consists of Meta shares. If he’s not yet wondering how he’s going to heat his house this winter, his staff might worry a little more.

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