Mark Zuckerberg's , Net Worth Has Plunged in 2022.
So far, Meta CEO Mark Zuckerberg's net worth has plummeted by $70 billion dollars in 2022.
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Business Insider reports that the drop has bumped Zuckerberg down to the 20th richest person in the world.
According to Bloomberg's Billionaire Index, Zuckerberg's estimated worth was at $125 billion at the beginning of 2022.
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Since then, that number has , fallen to $55.3 billion, , a loss of over 55%.
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Forbes now estimates , the Meta CEO's net worth , at $53.4 billion.
The past twelve months have been tumultuous for Meta, which owns Facebook, Instagram, WhatsApp and Oculus.
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The past twelve months have been tumultuous for Meta, which owns Facebook, Instagram, WhatsApp and Oculus.
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The company announced it would shift to a 'metaverse' and unveiled a massive rebrand in October of 2021.
Following the announcement, Facebook went on to report its first-ever decline in users.
In the last quarter of 2021, the social media platform lost nearly one million daily active users.
In the second quarter, Meta's net income dropped 36%, which resulted in a loss of over $3 billion.
This year, Meta has cut down on hiring amid an economic downturn, which has sent shockwaves through the tech sector.
According to Reuters, Meta reduced its hiring target for engineers in 2022 by nearly a third
